Final answer:
To find the value, divide 18.99 by 220 to get 0.0863181818, then round to the nearest cent which results in $0.09.
Step-by-step explanation:
To evaluate ( 18.99 / 220 ), we first carry out the division:
18.99 ÷ 220 = 0.0863181818...
When we round to the nearest cent, which is the hundredths place, we look at the digit in the thousandths place to decide whether to round up or down. Since the third decimal place is 6, we round up the second decimal place by one. Thus, 0.0863 becomes $0.09 when rounded to the nearest cent.