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What does it mean by the nearest cent?

User Alex Shkor
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Answer:

Rounding to the nearest cent implies approximating a money amount to two decimals (which represent the number of cents), applying the following rules: If the third decimal digit is lower than 5, we leave the second decimal digit as it is. E.g., $4.563 ≈ $4.56.

User Ken Wilcox
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