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Round to the Nearest 5 Cents

Welcome to round to the nearest 5 cents, our article which explains the nearest 5 cents rounding, including examples.

In this article you can also find a state-of-the-art rounding calculator a few lines below.

Additionally included is a related quiz. If you are happy with our information, please hit the share buttons.

Round to the Nearest 5 Cents Calculator

Amount:
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Result:
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Insert the amount, that’s it. You may change the regular round mode to round up or round down, as discussed further below on this page.

Where is the Nearest 5 Cents’ Place?

The nearest 5 cents place of an amount of money is the value 0 or 5 two places to the right of the decimal separator after it has been rounded depending on the value of the nearest cent.

This essentially means that the 3rd decimal digit of any amount determines the value of the nearest five cents!

How do you Round to the Nearest 5 Cents?

How do you round money to the nearest nickel? Check the nearest cent value: if it is 0 or 5 do nothing. If it is 3, 4, 8 or 9 round up to the nearest 5 cents, else round down to the nearest 5 cents.

Below you can find the one-to-one mapping of nearest cent to nearest five cents:

  • 0 → 0
  • 1 → 0
  • 2 → 0
  • 3 → 5
  • 4 → 5
  • 5 → 5
  • 6 → 5
  • 7 → 5
  • 8 → 0, and the tenth’s place increases by 1
  • 9 → 0, and the tenth’s place increases by 1

For example:

  • $1.12: The nearest cent’s value is 2, so we round down: $1.12 → $1.10
  • $7.38: The nearest cent’s value is 8, so we round up: $7.37 → $7.40
  • $8.35: Nothing to be done, the nearest cent’s value is 5; $8.35 → $8.35

In the table below you can find some amounts in dollar rounded to nearest nickel.

AmountRounded to Nearest 5 Cents
1.241.25
7.337.35
6.2276.25
13.6013.60
2.762.75
9.229.20
12.8912.90
1.551.55
101.52101.50
10.2510.25
14.6614.65
99.0799.05
24.1124.10
20.5220.50
49.5449.55
19.9920.00
2.502.50
44.6544.65
10.7610.75
12.7712.75
2422.442422.45
87.6487.65
0.3710.35
29.6129.60
44.5244.50
44.5544.55
44.5845.60
90.76490.75
26.8926.90
45.344.30
61.4361.45
4040.00
35.99936.00
136.53136.55
17.7717.75
64.3864.40
10.5010.50
34.2834.30
95.4295.40
750.91750.90
2.582.60
210.33210.35
25.96433325.95
83.4283.40
35.7135.70
……

If it remains a mystery why a certain table money value has been rounded one way or another, make use of the comment form located at the end of this article. We will get back to you with the explanation at the earliest convenience.

Round up to the Nearest 5 Cents

If the hundredths’ value of a certain amount is 3, 4, 8 or 9, then, according to our rounding rules, you round up to the nearest 5 cents. However, the term round up to the nearest 5 cents means that all hundredths in between 1 and 4 are rounded up by changing value in the hundredths’ place to 5, and that all hundredths in between 6 and 9 are rounded up by changing value in the hundredths’ place to 0 and increasing the tenth’s place by 1.

Round Down to the Nearest 5 Cents

If the hundredths’ value of a certain amount is 1, 2, 6 or 7, then, according to our rounding rules, you round down to the nearest 5 cents. However, the term round down to the nearest 5 cents means that all hundredths in between 1 and 4 are rounded down by changing value in the hundredths’ place to 0, and that all hundredths in between 6 and 9 are rounded down by changing value in the hundredths’ place to 5.

Bottom Line

Nota bene: Any rounded amount of money has always the same value as the amount you started with; however its value is less exact.

Here you can learn how to Round to the Nearest Hundredth.

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