Rounding Money to the Nearest Cent

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8 Questions

When rounding money to the nearest cent, what should be done if the digit in the thousandths' place is 0-4?

Drop the digit

If the determining digit in rounding money to the nearest cent is 9, what should be done with the cent amount?

Round up

What happens to the determining digit when rounding money to the nearest cent?

It is dropped

How should students round a cent amount if the digit in the hundredths' place is 5 in money?

Round up

What should be done if the digit in the thousandths' place is between 5 and 9?

Add 1 cent to the hundredths' place and drop the digit in the thousandths' place

In rounding off to the nearest cent, what happens when the digit to be dropped is 5?

It gets rounded down

What should be done to reduce fractions using the rules of divisibility?

Divide both the numerator and denominator by a common factor

What is the correct step in multiplying .783 by 46?

.783 × 46 = 21 with a remainder of 11

This quiz introduces the concept of rounding money to the nearest cent. It covers rounding rules, using a chart to practice rounding, and understanding when it is necessary to round amounts to the nearest cent.

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