Final answer:
To calculate the product of $1,286 and 0.0125, multiply the two numbers to get $16.075. When rounded to the nearest cent, which is the second decimal place, the result is $16.08. Thus, the correct answer is A) $16.08.
Step-by-step explanation:
To find the product and round to the nearest cent for $1,286 × 0.0125, you must first calculate the result of the multiplication:
$1,286 × 0.0125 = $16.075
Now, we need to round this number to the nearest cent, which means we need to round to two decimal places. Since the thousandths digit is a 5, we round up the second decimal place by one.
Therefore, $16.075 rounded to the nearest cent is $16.08.
The correct answer is A) $16.08.