The nearest half is the half which is within the range of the number plus or minus 0.25, but excluding the bottom number of the range (ie the number minus 0.25 itself); the half will either be a whole number, or a whole number plus a half (ie 0, 0.5, 1, 1.5, 2, ...):
example, the nearest half to 1.2 is:
Range is (1.2 - 0.25, 1.2 + 0.25] = (0.95, 1.45]
The half in the range is 1.0, so the nearest half to 1.2 is 1.0
example, the nearest half to 3.25 is:
Range is: (3.25 - 0.25, 3.25 + 0.25] = (3.0, 3.5]
The ends of the range are both "halves", but numbers are rounded up when exactly half way, the lower end is excluded from the range and the upper end is used. The nearest half to 3.25 is 3.5.
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Nine and one half rounded to the nearest half is nine and one half.
Rounded to the nearest half, 0.56 is approximately equal to 0.5.
1,500,000 is already rounded to the nearest half-million.
3 over 5 = 0.6, which, when rounded to the nearest half, is one half (0.5).
98 rounded off to the nearest half dollar is $1.00.