Round to Nearest Cent Calculator
Quickly round any decimal number to the nearest cent (2 decimal places)
About Rounding to the Nearest Cent
How It Works
Rounding to the nearest cent means adjusting a decimal number to exactly two decimal places. This is crucial for financial calculations and accounting practices. The rules are simple:
- If the third decimal is 5 or greater, round up
- If the third decimal is less than 5, round down
Common Applications
- Financial statements and accounting
- Price calculations
- Tax computations
- Payroll processing
Examples
- $1.234 rounds to $1.23
- $1.235 rounds to $1.24
- $1.567 rounds to $1.57