Rounding cents

Front

What is rounding in mathematics?

Back

Rounding is the process of adjusting the digits of a number to make it simpler or to make it easier to work with, typically by reducing the number of digits while keeping the value close to the original number.

Front

What does it mean to round to two decimal places?

Back

Rounding to two decimal places means adjusting a number so that it has only two digits after the decimal point.

Front

How do you determine which digit to round when rounding to two decimal places?

Back

To determine which digit to round, look at the third decimal place. If it is 5 or greater, round the second decimal place up by one. If it is less than 5, keep the second decimal place the same.

Front

Round the number 0.7665 to two decimal places.

Back

0.77

Front

Round the number 0.0413 to two decimal places.

Back

0.04

Front

Round the number 0.1715 to two decimal places.

Back

0.17

Front

Round the number 3.0625 to two decimal places.

Back

3.06

Front

Round the number 1.3265 to two decimal places.

Back

1.33

Front

What is the significance of rounding in financial calculations?

Back

Rounding is significant in financial calculations to ensure that monetary values are presented in a standard format, making them easier to read and understand, and to avoid discrepancies in transactions.

Front

What is the difference between rounding up and rounding down?

Back

Rounding up means increasing the last retained digit by one, while rounding down means keeping the last retained digit the same.