Round to Nearest Cent Calculator

Rounding numbers to the nearest cent is a common task in financial calculations. Here's how it works:

Basic Rules for Rounding to Cents

1. Look at the digit in the thousandths place (third decimal place)
2. If this digit is 5 or greater, round up the hundredths digit (second decimal place)
3. If this digit is less than 5, keep the hundredths digit the same
4. Drop all digits after the hundredths place

Examples

• $5.678 → $5.68 (round up because 8 ≥ 5)
• $3.674 → $3.67 (keep same because 4 < 5)
• $2.675 → $2.68 (round up because 5 ≥ 5)

Common Use Cases

This type of rounding is essential for:

• • Financial reporting and accounting
• • Retail pricing strategies
• • Tax calculations
• • Banking transactions