Welcome to round to the nearest dollar, our article which discusses the nearest whole dollar 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 Dollar Calculator
Whole Number Places
What does the Nearest Dollar mean?The nearest dollar place of an amount of money is the value of that amount once it has been rounded to the nearest integer (a whole number) depending on the value of the tenths place (first digit to the right of the decimal point).
Frequently Asked Questions
What does round to the nearest dollar mean?
It means determining the whole number amount in dollars which is closest to the amount you start with.
How do you round to the nearest dollar?
If the first digit after the decimal separator of the amount is less than five, remove the decimal point and all digits. Else, increase the value of the dollars ones place value by 1, then remove the decimal point and the decimals to the right of it.
What does it mean to enter whole dollar amount?
It means to round the amount to a whole number dollars value before inserting it.
Does 50 cents round up or down?
50 cents is 0.50 dollars, thus the amount is rounded up because the first digit after the decimal point of 0.50 dollars is more than 4.
What does it mean to round to the nearest whole dollar?
It means the same as rounded to the nearest dollar: If the value of the tenths place of the amount is more than 4, round up to the nearest integer. Else round down.
How to Round to the Nearest Nearest Dollar?To round an amount to the nearest dollar, check the value of its tenths. If the value is equal to 5 or greater, increase the value in the dollar’s ones place by 1 and then remove all digits and the decimal point. If the value is equal to 4 or less, simply remove all the digits to the right of the decimal separator as well as the “.”.For example:
- $12.29: The tenths’ value is 2, so we round down: $12.29 → $12 ($12.00)
- $8.55: The tenths’ value is 5, so we round up: $8.55: → $9 ($9.00)
- $20: Nothing to be done, the tenths’ value of $20.00 is 0; → $20
|Amount||Rounded to Nearest Dollar|
Round up to the Nearest DollarIf the first digit to the right of the decimal point of a certain amount is >= 5, then, according to general rounding rules, you round up to the nearest dollar. Yet, the term round up to the nearest dollar means that all first digits in between 1 and 9 are rounded up up by adding 1 to the value in the dollars ones place, followed by removing the decimal point and all digits.
Round Down to the Nearest DollarIf the first digit to the right of the decimal point of a certain amount is < 5, then, according to general rounding rules, you round down to the nearest dollar. Yet, the term round down to the nearest dollar means that all first digits in between 1 and 9 are rounded down by eliminating the decimal point and all digits of the amount.
Bottom LineAlthough not very intuitive when it comes to money, any rounded number has always the same value as the starting number, but its value is less exact.Here you can find all about the nearest whole number.If our article has been useful to you, check out the “recommended sites” section in the sidebar of our home page for similar sites, and don’t forget to place a bookmark in your browser’s favorites.
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