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Why is the decimal point an important symbol in writing amounts of money?
The decimal point is important, when dealing with money, because it differentiates $500 from $5.00. After the decimal point there will be two digits, these two digits are the number of cents (in America). The number in front of the decimal point is the number of dollars. It is very important that you put the decimal point in the right spot especially when writing checks.
Why must you round to the nearest hundredth when dealing with money?
American currency only runs to two decimal places. 43 cents is $0.43
Why is money written in decimal form?
Money is written in decimal for easier computation. Imagine if money is in fraction form, it will be hard for us to compute.
What year did britain go decimal?
1971 for decimal money here in England
How to change money into a decimal?
A decimal number is simply a way of representing a number in such a way that the place value of each digit is ten times that of the digit to its right. A decimal number need not have anything whatsoever to do with money.
