Round money amounts

Key Notes :

Understanding Rounding

• Rounding means adjusting a number to make it simpler while keeping its value close to the original.
• It helps in estimating costs, making quick calculations, and budgeting money.

Rounding Rules

• Look at the digit to the right of the place value you are rounding to.
• If the digit is 5 or more, round up.
• If the digit is 4 or less, round down.

Rounding to the Nearest Dollar

• If cents are 50 or more, round up to the next dollar.
• If cents are 49 or less, round down to the current dollar.
• Example: $5.78 rounds to $6; $12.42 rounds to $12.

Rounding to the Nearest Ten Dollars

• Look at the ones place digit.
• If it’s 5 or more, round up.
• If it’s 4 or less, round down.
• Example: $24.60 rounds to $20; $57.30 rounds to $60.

Rounding to the Nearest Hundred Dollars

• Look at the tens place digit.
• If it’s 50 or more, round up.
• If it’s 49 or less, round down.
• Example: $143 rounds to $100; $275 rounds to $300.

Importance of Rounding Money

• Helps estimate totals while shopping.
• Makes it easier to calculate budgets.
• Useful when dividing money evenly.

Learn with an example

let’s practice!