How to Round Amounts of Money
Rounding means making a number simpler but keeping its value close to what it was. With money, we often round to the nearest dollar or to the nearest ten cents.

A Step-by-step Guide to Rounding Amounts of Money
Here is a step-by-step guide to rounding amounts of money:
Step 1: Understand the Basics of Money
Money in dollars and cents has a decimal point. For example, $2.75 means 2 dollars and 75 cents. The first digit after the decimal point represents tens of cents (from 10 cents up to 90 cents), and the second digit represents single cents (from 1 to 9 cents).
The Absolute Best Book for 4th Grade Students
Step 2: Identify the Place Value You Are Rounding To
Are you rounding to the nearest dollar, or to the nearest ten cents?
If you’re rounding to the nearest dollar, you’ll be looking at the digit in the tenths place (the first digit after the decimal point).
If you’re rounding to the nearest ten cents, you’ll be looking at the digit in the hundredths place (the second digit after the decimal point).
Step 3: Apply the Rounding Rule
If the digit you’re looking at is 5 or more, you round up, which means you add 1 to the number in the place you’re rounding to.
If the digit is 4 or less, you round down, which means the number in the place you’re rounding to stays the same.
The Best Math Books for Elementary Students
Related to This Article
More math articles
- Best Ergonomic Chairs for Online Teachers in 2026
- The Butterfly Effect in Mathematics: Small Changes, Big Impact
- Count Lines of Symmetry
- Discovering the Magic of ASA and AAS Congruence in Triangles
- The Law of Cosines
- Top 10 Tips to Create the FTCE General Knowledge Math Study Plan
- Top Calculators for the PSAT 2026: Quick Review
- How to Find Missing Angles of Triangles
- ASTB Math Practice Test Questions
- The Ultimate 7th Grade MCA Math Course (+FREE Worksheets)
What people say about "How to Round Amounts of Money - Effortless Math: We Help Students Learn to LOVE Mathematics"?
No one replied yet.