1.00 - 0.25 = 0.75 (75 cents)
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3/4 of a dollar is 75 cents so it is less than one dollar.
Three quarters is one quarter less than "1" AND three quarters adds up to 75 cents which is 25 cents less than one dollar. So three quarters is both smaller than "1" and smaller than a dollar!
17.29 rounded to the nearest dollar is 17 dollars because the number of cents is less than 50. If the number of cents was more than 50, then you would round up to 18 dollars.
Ninety-nine cents, when rounded to the nearest dollar, is rounded down to $1. This is because rounding rules state that if the value is less than 50 cents away from the next whole number, it rounds down. Since 99 cents is just one cent short of a dollar, it rounds up to $1.
We know that $1.60 is closer to $2 than it is to $1, because it is only forty cents less than $2 while is is sixty cents more than $1. So $2 is the nearest.