# How do you round to the nearest cent?

## How do you round to the nearest cent?

What does nearest penny mean?

How to round to the nearest multiple in Excel?

Can you round a number up or down?

The first digit after the decimal represents the tenths place. The next digit after the decimal represents the hundredths place. The remaining digits continue to fill in the place values until there are no digits left.

To round to the nearest 5 cents, round the cents to the nearest multiple of 5. Numbers ending in 1, 2, 6, or 7 round down. Numbers ending in 3, 4, 8, or 9 round up.

Explanation: The nearest cent would be a whole number – so you end up with no numbers after a decimal point. The basic rule is any number BELOW 5 gets rounded down. So; 5.4 rounded to the nearest whole number would be 5. So; 5.5 rounded to the nearest whole number would be 6.

Round at the end of the problem! The exception to this rule is when you are converting pounds to kg. Always convert and round to the nearest tenth (one decimal place) and then complete the problem. Example: 15.75 kg = 15.8 kg (Do this before going on to the next step.)

One cent is equal to 1/100th of a dollar. In other words, each dollar is worth 100 cents.

One cent is defined as an area of 1⁄100 of an acre (40.5 m2; 435.6 sq ft). It is still used in many news reports and real estate deals.

To round to the nearest cent, nearest penny, or nearest hundredth, you will need to locate the hundredths place. Then look at the digit to the right. If it is 5 or above, the number in the hundredths place will be increased by 1 and all the rest of the numbers after it are dropped.

Because you are working with money, you want to round to the nearest cent, which is the nearest hundredth, the second digit to the right of the decimal point. There is a 1 in the hundredths place.

How do you work out to the nearest penny?