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When rounding to a specific place, take a look at the digit immediately to the right of the target, in this case, the thousandths place. If that digit is 4 or less, zero everything to the right of the target out. If that digit is 5 through 9, increase the target by one and zero everything to the right of it out. If the target is a 9, increasing it will turn it to zero and increase the digit to the left of the target by one.

Q: Why do you round money amounts to nearest hundredth?

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Round 502.6507568359375 to the nearest hundredth is 502.65.

61.23 is at the nearest hundredth

The nearest hundredth is 0.01.

615.44 is at the nearest hundredth.

It is then 13.36 when rounded to the nearest hundredth

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Round 502.6507568359375 to the nearest hundredth is 502.65.

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