Question

Elvis and $74 .50 a month.. how much does he earn to the nearest one penny.

A. in a year
B. in a week
C. in a day

Answer 1

Part A

12 months a year means

%74.5 x 12 = $894

Part B

4 weeks in a month means

$74.5 ÷ 4 = $18.625

But rounded to the nearest penny. . .

$18.62

because in the thousandths place was a 5 and you round up when there is a 5 or above

Part C

We will go with 31 days in a month, but I will also do 30 for you

$74.5 ÷ 30 = $2.48333

But rounded to the nearest penny. . .

$2.48

because you round down when there is anything less than a 4

$74.5 ÷ 31 = $2.40322580645

But rounded to the nearest penny. . .

$2.40

because you round down when there is anything less than a 4