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In order to round a number to the nearest cent, we need to round the value to the nearest hundredth. Here is the example that might help you:

102.235


3 is in the hundredth place.

5 is in the thousandth place, which is adjacent to the hundredth place.


Since 5 is at least 5 (5 or greater), round up the value to obtain 102.24.


If the number in the thousandth place is less than 5, then round down the value. For instance, if the number is 102.234, then the rounded value is 102.23

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Q: How do you round a decimal to the nearest cent?
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