Round to the Nearest Dollar Calculator
Table of contents
What does round to the nearest dollar mean?How to round to the nearest dollarOther tools beyond this round to the nearest dollar calculatorFAQsIf you're searching for how to round to the nearest dollar, this calculator is the perfect tool. To use the calculator and round to the nearest dollar, simply input the money amount to round in the first box, and it will immediately provide the answer.
Explaining it very briefly, when rounding to the nearest dollar, the whole part of the number remains while the decimals disappear. It is the same as we do in our round to the nearest integer calculator but applied to a money amount. To comprehensively understand what rounding to the nearest dollar means, you can visit the previously linked calculator or keep reading this article if you only need a straightforward explanation.
What does round to the nearest dollar mean?
Rounding to the nearest dollar means approximating a money amount to its whole value. For example:
Original number | Approximation | |
|---|---|---|
-$123.7 | ≈ | -$124 |
-$123.5 | ≈ | -$124 |
-$123.3 | ≈ | -$123 |
$456.7 | ≈ | $457 |
$456.5 | ≈ | $457 |
$456.3 | ≈ | $456 |
In other words, we don't deal with cents and only stay with whole dollars. It's a simple process, but we must consider the value of the cents (the numbers after the decimal point) to correctly round to the nearest whole dollar. Let's look at how to do it.
How to round to the nearest dollar
Rounding to the nearest dollar is a straightforward process. We must simply look at the digit in the tenth place (the first decimal) and apply the following rules:
- If the first decimal digit is 5 or more, we increase the whole part by one unit.
- For example, $34.57 rounded to the nearest whole dollar is $35.
- If the first decimal digit is less than 5, we leave the whole part as it is.
- For example, $45.19 rounded to the nearest dollar is $45.
The rule previously mentioned is the most common rounding method, called half up rounding. Even so, there are other (less common) rounding modes, which you can enable by ticking the Show advanced rounding modes option at the bottom of the calculator.
Other tools beyond this round to the nearest dollar calculator
Now that you know how to round to the nearest dollar, the calculators above deserve a look from you. Use them to complement your knowledge about this topic.
What is $34.57 rounded to the nearest dollar?
$34.57 rounded to the nearest dollar is $35. As the first decimal digit is 5, to round $34.57 to the nearest dollar, we increase the whole part by one unit (from $34 to $35).
What is $45.19 rounded to the nearest dollar?
$45.19 rounded to the nearest dollar is $45. As the first decimal digit (1) is lower than 5, to round $45.19 to the nearest dollar, we leave the whole part as it is ($45).