Probably not the answer you're looking for: Yes. Yes I can.
Also probably not the answer you're looking for: No. It can't be done. We could round $112.417 to the nearest cent, but we can't do that with 112.417 because it's not money- it's not a measure of cents of dollars.
Probably the answer you're looking for:
112.417 rounded to the nearest cent (the hundredths place):
The hundredths place is the 1 in .417. Do we leave that as 1 or does it bump up to 2?
The next place over (the thousandths place) is a 7, which is greater than or equal to 5, so the hundredths place rounds up to 2.
Answer: $112.42