   Chapter 3, Problem 4CR ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# When rounding monetary amounts, we round to the nearest ___________, or ___________ place. (3-2)

To determine

To fill: The blank in the statement, “When rounding monetary amount, we round to the nearest _______, or _______ place”.

Explanation

For instance, round off the amount \$11.364 to cents.

To round off it to the cents look for the value at the hundredths place...

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