Rounding Decimals and Money

In this video, Mr. J explains how to round monetary values to the nearest cent, focusing on the hundredths place. He provides two examples: one where the value rounds up and another where it stays the same. The video emphasizes the importance of rounding when dealing with money and concludes with a summary of the rounding process.

What is the decimal place we round to when dealing with money?

• Ones place

• Thousandths place

• Hundredths place

• Tenths place

Why do we sometimes need to round to the nearest cent?

• To avoid using decimals

• To simplify calculations

• Because decimals can go beyond the hundredths place

• To make numbers look nicer

In the first example, what digit in the thousandths place determines if we round up?

• 3

• 5

• 7

• 8

If the digit in the thousandths place is 4, what should you do?

• Stay the same

• Round up

• Add one to the hundredths place

• Round down

What is the rounded value of $5.987?

• $5.99

• $6.00

• $5.98

• $5.97

In the second example, what is the digit in the thousandths place?

• 5

• 3

• 2

• 4

What is the rounded value of $32.432?

• $32.42

• $32.43

• $32.44

• $32.45

If the digit in the thousandths place is 5, what should you do?

• Round down

• Stay the same

• Round up

• Ignore it

What is the main purpose of rounding money to the nearest cent?

• To make numbers look nicer

• To make calculations easier

• To ensure accuracy in financial transactions

• To avoid using decimals

What is the final step in rounding to the nearest cent?

• Ignore the thousandths place

• Round to the nearest dollar

• Cut off the decimal after the hundredths place

• Add one to the tenths place