To be able to quickly solve this, we can temporarily make 5.47 into 547
Now, we can divide 547 by 12.
[tex]547 / 12 = 45.5[/tex]
Now, we can round up from 45.5 to get 46.
However, we originally moved our decimal 2 places over, so now we must move it 2 places again.
46 ⇒ 0.46
The correct answer is $0.46
