This **round to the nearest cent calculator** is a designed to simplify the **automatically rounding** **values** to the nearest cent (**hundredth of a dollar**).

**Sample conversions:**

**$3.567**rounds to**$3.57****$12.214**rounds to**$12.21****$0.995**rounds to**$1.00**

## Round to the Nearest Cent Calculator

Original Value | Conversion Equation | Rounded Result |
---|---|---|

$3.567 | ROUND($3.567, 2) | $3.57 |

$12.214 | ROUND($12.214, 2) | $12.21 |

$0.995 | ROUND($0.995, 2) | $1.00 |

$45.673 | ROUND($45.673, 2) | $45.67 |

$67.895 | ROUND($67.895, 2) | $67.90 |

$720.168 | ROUND($720.168, 2) | $720.17 |

$25.0264 | ROUND($25.0264, 2) | $25.03 |

$3.0975 | ROUND($3.0975, 2) | $3.10 |

$0.8794 | ROUND($0.8794, 2) | $0.88 |

$12.982 | ROUND($12.982, 2) | $12.98 |

**Related Tools**

## Rounding to the Nearest Cent Formula

**Identify**the hundredths place (second decimal place).**Look**at the digit in the thousandths place (third decimal place).- If the thousandths digit is
**5 or greater**,**round up**the hundredths digit. - If the thousandths digit is
**less than 5**, keep the hundredths digit the same. **Drop**all digits beyond the hundredths place.

### Examples:

**$23.456**- Thousandths digit (6) is
**greater than 5** **Round up**:**$23.46**

- Thousandths digit (6) is
**$45.673**- Thousandths digit (3) is
**less than 5** - Keep hundredths the same:
**$45.67**

- Thousandths digit (3) is
**$67.895**- Thousandths digit (5) is
**exactly 5** **Round up**:**$67.90**

- Thousandths digit (5) is

## How do you round to the nearest cent?

Rounding to the nearest cent involves a **simple process**:

**Identify**the cent value (the first two decimal places).**Look**at the third decimal place.**Round up**if the third decimal is**5 or greater**.**Round down**(or keep the same) if the third decimal is**4 or less**.**Remove**all decimal places beyond the second.

For example, with **$12.347**:

- Cent value is
**34** - Third decimal is
**7** **7 is greater than 5**, so**round up**- Result:
**$12.35**

## What is the round off $720.168 to the nearest cent?

Let’s apply the rounding rules to **$720.168**:

- The cent value is
**16** - The third decimal place is
**8** - Since
**8 is greater than 5**, we**round up** - The result is
**$720.17**

Therefore, **$720.168 rounded to the nearest cent is $720.17**.

## What is 41% of 61.04 rounded to the nearest cent?

To solve this, we’ll first calculate **41%** of **61.04**, then round the result:

**41% of 61.04**=**0.41 × 61.04 = 25.0264**- Now we round
**25.0264**to the nearest cent:- The cent value is
**02** - The third decimal is
**6** **6 is greater than 5**, so we**round up**

- The cent value is
- The final result is
**$25.03**

**41% of 61.04 rounded to the nearest cent is $25.03**.

## How many decimal places is to the nearest cent?

Rounding to the nearest cent always results in **two decimal places**. This is because a cent represents **1/100 of a dollar**, which is expressed as the second decimal place in decimal notation.

For example:

**$1.00**(zero cents)**$1.50**(fifty cents)**$1.07**(seven cents)

In each case, the cent value is represented by the **two digits** after the decimal point.

## How do you round to the nearest cent penny?

Rounding to the nearest cent (or penny) follows the same process as described earlier:

**Focus**on the third decimal place (thousandths).- If it’s
**5 or more**,**round**the second decimal place (hundredths) up. - If it’s
**4 or less**, keep the second decimal place the same. **Drop**all digits after the second decimal place.

For instance:

**$3.454**rounds to**$3.45**(fourth digit is**4**, so no change)**$3.455**rounds to**$3.46**(fifth digit is**5**, so**round up**)**$3.456**rounds to**$3.46**(sixth digit is**6**, so**round up**)

## 3.0975 rounded to the nearest cent

Let’s apply the rounding rules to **3.0975**:

- The cent value is
**09** - The third decimal place is
**7** - Since
**7 is greater than 5**, we**round up** - The result is
**$3.10**

**3.0975 rounded to the nearest cent is $3.10**.

## Round $0.8794 to the nearest cent

Applying the rounding rules to **$0.8794**:

- The cent value is
**87** - The third decimal place is
**9** - Since
**9 is greater than 5**, we**round up** - The result is
**$0.88**

**$0.8794 rounded to the nearest cent is $0.88**.

## Round off 12.982 to the nearest cent

Let’s round **12.982** to the nearest cent:

- The cent value is
**98** - The third decimal place is
**2** - Since
**2 is less than 5**, we keep the cent value the same - The result is
**$12.98**

**12.982 rounded to the nearest cent is $12.98**.

## Round to the Nearest Cent Example Chart

Original Amount | Rounded Amount | Explanation |
---|---|---|

$5.00 | $5.00 | No change needed (whole number). |

$3.456 | $3.46 | Third decimal (6) is 5 or greater; round up. |

$2.123 | $2.12 | Third decimal (3) is less than 5; round down. |

$4.675 | $4.68 | Third decimal (5); round up. |

-$7.849 | -$7.85 | Third decimal (9) is 5 or greater; round up. |

$1234.56789 | $1234.57 | Third decimal (7) is 5 or greater; round up. |

$10.499 | $10.50 | Third decimal (9) is 5 or greater; round up. |

$0.005 | $0.01 | Third decimal (5) is 5 or greater; round up. |

$8.999 | $9.00 | Third decimal (9) is 5 or greater; round up. |

$15.555 | $15.56 | Third decimal (5); round up. |

-$3.444 | -$3.44 | Third decimal (4) is less than 5; round down. |

$100.1234 | $100.12 | Third decimal (3) is less than 5; round down. |

$50.5555 | $50.56 | Third decimal (5); round up. |

$0.0001 | $0.00 | Third decimal (0) is less than 5; round down. |

### Additional Calculations

**Amount:**$7.785**Rounded Amount:**$7.79**Explanation:**Third decimal (5); round up.**Amount:**$9.999**Rounded Amount:**$10.00**Explanation:**Third decimal (9) is 5 or greater; round up.**Amount:**-$1.234**Rounded Amount:**-$1.23**Explanation:**Third decimal (4) is less than 5; round down.**Amount:**$12.3456**Rounded Amount:**$12.35**Explanation:**Third decimal (5); round up.**Amount:**$0.9999**Rounded Amount:**$1.00**Explanation:**Third decimal (9) is 5 or greater; round up.