Welcome to round to the nearest cent, our article which discusses the nearest cent 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.
Table of Contents
Round to the Nearest Cent Calculator
Whole Number Places
Where is the Nearest Cent’s Place?The nearest cent place of an amount of money is the value two places to the right of the decimal point once it has been rounded depending on the value of the thousandths’ place which is located three places to the right of the decimal point.
Frequently Asked Questions
How do you round money to the nearest cent?
Check the value of its thousandths: if it is equal to or greater than five increase the cents value by 1, else round down by removing all digits after two places to the right of the decimal point.
What place value is the nearest cent?
It is two places to the right of the decimal separator.
How to round to the nearest cent calculator?
If your calculator comes with a round function (RND), then round to 2 decimal places.
What does it mean when it says to round to the nearest cent?
It means determining the value of the thousandths’ place and the rounding the amount of dollars up or down depending whether the value is >=5.
How many decimal places is to the nearest cent?
The nearest cent is determined by the second decimal place of an amount.
How to Round to the Nearest Nearest Cent?To round an amount to the nearest cent, check the value of its thousandths. If the value is equal to 5 or greater, increase the value in the cent’s place by 1 and then remove all digits to the right after the second decimal place. If the value is equal to 4 or less, simply remove all the digits to the right after the second decimal place.For example:
- $2.756: The thousandths’ value is 6, so we round up: $2.756 → $2.76
- $6.922: The thousandths’ value is 2, so we round down: $6.922 → $6.92
- $5.800: Nothing to be done, the thousandths’ value is 0; → $5.80
If it is unclear why a certain table money value has been rounded down or up, employ the comment form at the end of this page. We aim to get back to you with the explanation as soon as possible.
|Amount||Rounded to Nearest Cent|
Round up to the Nearest CentIf the thousandths’ value of a certain number is >= 5, then, according to general rounding rules, you round up to the nearest cent. However, the term round up to the nearest cent means that all thousandths in between 1 and 9 are rounded up by adding 1 to the value in the hundredth’s place, and then removing all digits to the right after the second place.
Round Down to the Nearest CentIf the thousandths’ value of a certain number is < 5, then, according to general rounding rules, you round down to the nearest cent. However, the term round down to the nearest cent means that all thousandths in between 1 and 9 are rounded down by removing all the digits to the right after the second decimal place.
Bottom LineMake sure to understand that any rounded amount of money has always the same value as the amount you started with, but its value is less exact.Here you can find all about the nearest 5 cents.If this article has been useful to you, have a look at our other sites in the “recommended sites” section in the sidebar of our home page, and make sure to place a bookmark in your browser.
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