3. write as a money value, using the banker’s rule for rounding: a. 45.628 ______ b. 14.663 ______ c. 7.149…
3. write as a money value, using the banker’s rule for rounding: a. 45.628 ______ b. 14.663 ______ c. 7.149 ______ d. 121.111 ______ e. 99.994 ______ f. 199.997 ______ the banker’s rule: if the third decimal is 5 or higher, round the second decimal up to the next number.
Answer
Explanation:
Step1: Analyze 45.628
The third - decimal is 8 which is higher than 5. So round up the second - decimal. $45.628\approx45.63$.
Step2: Analyze 14.663
The third - decimal is 3 which is lower than 5. So the number remains as $14.66$.
Step3: Analyze 7.149
The third - decimal is 9 which is higher than 5. So round up the second - decimal. $7.149\approx7.15$.
Step4: Analyze 121.111
The third - decimal is 1 which is lower than 5. So the number remains as $121.11$.
Step5: Analyze 99.994
The third - decimal is 4 which is lower than 5. So the number remains as $99.99$.
Step6: Analyze 199.997
The third - decimal is 7 which is higher than 5. So round up the second - decimal. Since 9 + 1 = 10 for the second - decimal, carry 1 to the first - decimal. $199.997\approx200.00$.
Answer:
a. $45.63 b. $14.66 c. $7.15 d. $121.11 e. $99.99 f. $200.00