I know this isn’t the point but why does it matter? In my entire adult life I have never had to round anything down or up to a decimal place
Because if you had a million quid in the bank, and received 9.94% interest in the year, you'd receive 99399.99 pounds, but if the bank said 'sod it, let's just call it 9.9%' you'd lose almost 400 quid.