In math, when you have an amount in money and you are asked to round to the nearest dollar, how would you do that?
Example: $2,100.00 is rounded to $2,000?
Is $48.50 rounded to $50.00?
No, no, no. Nearest dollar is rounding to the nearest digit left of the decimal.
2103.56>2104
3456.43>3456
5600.00>>5600
58.5>59
Okay, Thank you very much.
To round an amount in money to the nearest dollar, you typically look at the number of cents.
In the case of $2,100.00, you would examine the cents (which are 0 in this case) and follow the rounding rule. If the number of cents is 50 or more, you round up to the next dollar. If it is less than 50, you round down to the previous dollar.
Since 0 cents is less than 50, $2,100.00 would be rounded down to $2,000.
Similarly, for $48.50, you would again examine the cents (which are 50 in this case). Since 50 cents is 50 or more, you would round up to the next dollar. Therefore, $48.50 would be rounded to $50.