Round to the Nearest Cent Calculator
Round any money amount to the nearest cent (hundredth) with detailed explanations
Money Amount to Round
Enter any decimal amount to round to the nearest cent
Select your currency for proper formatting
Example Calculations
Third decimal (3) < 5, round down
Third decimal (7) ≥ 5, round up
Third decimal (7) ≥ 5, round up, carry over
Third decimal (7) ≥ 5, round up, carry over
Third decimal (7) ≥ 5, round up, multiple carry overs
Third decimal (5) = 5, round up
Rounding Rules
Rule 1: Third decimal < 5
Keep the second decimal digit as is
Example: $4.563 → $4.56
Rule 2: Third decimal ≥ 5
Round up the second decimal digit
Example: $4.567 → $4.57
Special Case: Carry Over
When rounding 9, change to 0 and carry over
Example: $3.0975 → $3.10
Quick Tips
Rounding to the nearest cent means rounding to 2 decimal places
Look at the third decimal place to determine rounding direction
If third decimal is 5 or higher, round up
If third decimal is less than 5, round down
This is the same as rounding to the nearest hundredth
Understanding Rounding to the Nearest Cent
What Does "Nearest Cent" Mean?
Rounding to the nearest cent means approximating a money amount to exactly two decimal places. This is essential in financial calculations where amounts must be expressed in the smallest currency unit (cents, pence, etc.).
Why Round to the Nearest Cent?
- •Legal requirement for monetary transactions
- •Matches physical currency denominations
- •Prevents calculation discrepancies
- •Standard practice in accounting and finance
Rounding Method: Half-Up
If third decimal ≥ 5 → Round UP
If third decimal < 5 → Round DOWN
Common Examples
Special Cases & Carry Over
Rounding 9s
When the digit to be rounded is 9 and we need to round up, it becomes 0 and we carry over 1 to the next digit.
$3.0975 → Look at 7 (≥5) → Round 9 up → $3.10
Multiple Carry Overs
Sometimes carry over can happen multiple times, even affecting the dollar amount.
$3.9975 → Look at 7 (≥5) → Multiple carry → $4.00