Setprecision is Confusing

I just want to ask about setprecision because I'm a bit confused.

here's the code:

#include <iostream>
#include <iomanip>
using namespace std;

int main()

{
  double rate = x;
  cout << fixed << setprecision(2) << rate;
}

where x = to following:

the left side of equation are the values of x.

1.105 = 1.10 should be 1.11

1.115 = 1.11 should be 1.12

1.125 = 1.12 should be 1.13

1.135 = 1.14 which is correct

1.145 = 1.15 also correct

but if x is:

2.115 = 2.12 which is correct

2.125 = 2.12 should be 2.13

so why in a certain value it's correct but sometimes it's wrong?

please enlighten me. thanks