Rounding numbers is a way to simplify numbers by adjusting them to the nearest certain place value. This concept is crucial in various fields, like mathematics, finance, and everyday situations, to make numbers easier to work with or communicate. When rounding to the nearest hundredth, you focus on the second decimal place. Here's how you do it:
- Look at the third decimal place (thousandths). This will determine if you round up or stay the same.
- If the thousandth digit is 5 or more, increase the hundredth digit by one.
- If the thousandth digit is less than 5, the hundredth digit remains unchanged.
For instance, in the example of 0.375, the thousandth digit is 5. This requires us to round up the hundredth digit, changing it from 7 to 8, resulting in 0.38. Rounding helps in giving an approximate value that is simpler and more concise.