How To Round To The Nearest 5 Cents

Step-by-step guide on how to round a number to the nearest 5 cents or nickel. It explains the process in detail, with examples.

Steps:

To round to the nearest 5 cents, follow these steps:

  1. Multiply the amount by 20. This converts the amount to cents.
  2. Round the result to the nearest whole number.
  3. Divide the result by 20 to get the amount rounded to the nearest 5 cents.

General formula:

Nearest 5 cents = Round( Amount x 20 ) / 20

Examples:

Example 1:

Round $4.765 to the nearest 5 cents:

  1. $4.765 x 20 = 95.30
  2. Round 95.3 to 95
  3. 95 ÷ 20 = $4.75

So, $4.765 rounded to the nearest 5 cents is $4.75.

Example 2:

Round $4.794 to the nearest 5 cents:

  1. $4.794 x 20 = 95.88
  2. Round 95.88 to 96
  3. 96 ÷ 20 = $4.80

So, $4.794 rounded to the nearest 5 cents is $4.80.

With these simple steps, you can easily round any amount to the nearest 5 cents.

Round To The Nearest 5 Cents Calculator

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