Multiply; Round Off Monetary Products to the Nearest Cent

question 15

Short Answer

Multiply; round off monetary products to the nearest cent. Do not round off the non-monetary products.
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a.$0.625 ´ 8,000
b.4.7807 ´ 1.309
c.$27.35 ´ 16.75

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Definitions:

Heuristics

Problem-solving strategies that use a practical approach or shortcuts to produce solutions that are not perfect but sufficient for the immediate goals.

Transductive Reasoning

A type of thinking commonly seen in early childhood where the child makes connections between unrelated events.

Cause-Effect Relationships

The principle of causality that establishes the relationship between something that happens (the cause) and the thing that happens as a result (the effect).

Precausal Thinking

A type of logic in young children characterized by a lack of understanding of cause-and-effect relationships.