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Because some numbers cannot be expressed as terminating decimals.

If you had to write 1/3 as a decimal, without rounding, you would have to spend an infinite amount of time writing one three after another.

Also, when you're dealing with measures you reach a point where more decimal places aren't useful because you can't determine them on your measuring instrument. For example you can't measure 3.45829 inches on a ruler. But 3.5 inches works. The same is true in finance. Most of the time two decimal places is all you can work with.

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13y ago

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Anonymous

4y ago
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Q: Why is rounding numbers useful?
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