Solving Money Problems and Rounding to Nearest 5 Cents (4)

Solve problems involving purchases and the calculation of change to the nearest five cents with and without digital technologies (ACMNA080)

LO: To solve problems involving purchases and the calculation of change to the nearest 5 cents.
Know:

  • How to use the 4 operations to solve money problems.
  • How to round numbers to the nearest 5 cents.

Understand:

  • That money when given in change is usually rounded to the nearest 5 cents.

Do:

  • I can solve problems involving purchases and calculate the change to the nearest five cents.

Adding and Subtracting Money

Rounding Money

When rounding money, always look at the cent place value.

If the cent place value is 1 or 2 then you round down to the nearest dollar. If the cent value is 3 or 4 then you round up to 5 cents. If the cent value is 6 or 7 then you round down to 5 cents. If the cent value is 8 or 9 then you round up to nearest 10 cents.

Teaching Ideas

Student Work

Money Videos

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