Rounding in Business Maths

[Stick]

What do you do when you need to use a previous answer for a proceeding question - do you use an exact value or a value rounded to two decimal places? In the real world, I don't think there's much place for calculations involving part of a cent. :/

[Hodgeyhodgey]

Your answers should be rounded to 2 (unless stated otherwise) but all the figures used in calculations are the unrounded ones.

[Stick]

See, my teacher told me otherwise, because in the real world, banks do not round monetary figures. Now I'm confused. :S

[Hodgeyhodgey]

If you look up assessor reports and previous exams the answers should be rounded off to 2, unless they say something like round off to the nearest dollar. As far as I know, you should use the unrounded for your calculations and then the rounded figures for your final answers. I got 100% over both exams for Business Maths so unless something has changed this year then that shouldn't be a problem.

[Stick]

Alright, thanks for clarifying.