| Places | Ones | Tenths | Hundredths | Thousandths | Ten Thousandths | Hundred Thousandths | Millionths | |
|---|---|---|---|---|---|---|---|---|
| 1 | ||||||||
| Number | 0 | . | 5 | 3 | 8 | 4 | 6 | 1 |
| Rounded Number | 0 | . | 5 | 4 |
- 3 is in the hundredths place and 8 is in the thousandths place
- Since the digit in the thousandths place (8) is greater than or equal to 5, add 1 to the digit in the hundredths place (3)
- 1 + 3 = 4, so the digit in the hundredths place becomes 4
- The digits to the right of the hundredths place are dropped
- 0.538461 rounded to the nearest hundredth (two decimal places) = 0.54
