Answer
$1.10
Work Step by Step
When you round to the nearest cent, you are rounding to the nearest hundredths of a dollar. To round 1.0975 to the nearest cent, draw a "cut-off" line after the hundredths place: "1.09". Next, look at the first number you cut off: "7". If the number is 5 or above, round up to the nearest cent: "$1.10".