First, look at the digits less than one one-hundredth ([tex]\frac{1}{100}[/tex], or .01):
0.00416
See if that number is closer to the higher or lower hundredth:
(if the first digit is 5 or greater, then higher;
if the first digit is 4 or lower, then lower)
Since 4 is closer to the lower hundred, round down
0.00416 -> 0.00000
Add this to the digits we didn't touch:
17,546.32000 + 0.00000 = 17,546.32
17,546.32416 rounded to the nearest hundredth is C. 17,546.32
