Question

In my town, gas prices are always listed to the thousandth place. Since the smallest coin we have is the penny, we have to round them to the hundredth place. If the price of gas is $8.162, what will the price be when we round it to the hundredth place?

Answer 1

When rounded to the hundredths place, the price would be $8.16

Since the hundredths place is where the .06 was, and the preceding was less than 5, it stayed as .06