Question

a. The Canadian dollar was recently worth \(\$ 0.9549 .\) Round this value to the nearest cent. b. Round the value of the Canadian dollar to the nearest dime.

Short answer

Answer: The Canadian dollar rounded to the nearest cent is $0.95, and to the nearest dime, it is $0.96.

Step-by-step solution

Part a: Rounding to the nearest cent

To round the Canadian dollar to the nearest cent, we need to look at the thousandth place (the third decimal place). If this digit is 5 or greater, we round up; if it is 4 or less, we round down. In this case, the value is \(\$0.9549\). The digit in the thousandth place is 9, which is greater than 5, so we round up. Thus, the rounded value is \(\$0.95\).

Part b: Rounding to the nearest dime

To round the Canadian dollar to the nearest dime, we need to look at the hundredth place (the second decimal place). If this digit is 5 or greater, we round up; if it is 4 or less, we round down. In this case, the value is \(\$0.9549\). The digit in the hundredth place is 5, which is equal to 5, so we round up. Thus, the rounded value is \(\$0.96\).