Answer
$1.22
Work Step by Step
When you round to the nearest cent, you are rounding to the nearest hundredths of a dollar. To round 1.2225 to the nearest cent, draw a "cut-off" line after the hundredths place: "1.22". Next, look at the first number you cut off: "2". If the number is 4 or below, round down to the nearest cent: "$1.22".