Mrs Edlagan has a total deposit of Php 50766.25 The annual interest at 3% simple interest 1,522.9875. Round the interest off to the nearest hundredths and thousandths.
Answers
Given : Mrs Edlagan has a total deposit of Php 50766.25
The annual interest at 3% simple interest 1,522.9875.
To Find : Round the interest off to the nearest hundredths and thousandths.
Solution:
P = 50766.25
R = 3 %
T = 1
SI = P * R * T /100
SI = 50766.25 * 3 * 1 /100
= 1,522.9875.
Round off to the nearest hundredths = 1,522.99
as digit after hundredths place ≥ 5 hence hundredths place increased by 1
Round off to the nearest thousandths. = 1,522.988
as digit after thousandths place ≥ 5 hence thousandths place increased by 1
Round off to the nearest hundredths = 1,522.99
Round off to the nearest thousandths. = 1,522.988
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