Are there best practices for handling rounding errors in PHP?

Rounding errors can occur in PHP when performing mathematical operations on floating-point numbers, leading to inaccuracies in calculations. One common approach to handling rounding errors is to use the PHP round() function with a specified precision to round the result to a desired number of decimal places.

$number = 10.555;
$rounded_number = round($number, 2); // round to 2 decimal places
echo $rounded_number; // Output: 10.56