Rounding Rules
Rounding makes numbers simpler while keeping them close to the original value. The most common rule is "round half up" — if the dropped digit is 5 or greater, round up.
Standard Rounding Rule:
If next digit ≥ 5 → round up
If next digit < 5 → round down
3.146 rounded to 2 decimal places = 3.15
3.144 rounded to 2 decimal places = 3.14
If next digit ≥ 5 → round up
If next digit < 5 → round down
3.146 rounded to 2 decimal places = 3.15
3.144 rounded to 2 decimal places = 3.14
Common Rounding Applications
- Currency: round prices to 2 decimal places ($3.456 → $3.46)
- Measurements: round to significant figures for accuracy
- Statistics: report results to meaningful decimal places