- Determine the two consecutive multiples of 1,000 that bracket 547,578
- 547,578 is between 547,000 and 548,000
- 547,500 is the midpoint between 547,000 and 548,000
- As illustrated on the number line, 547,578 is greater than the midpoint (547,500)
- Therefore, 547,578 rounded to the nearest thousand = 548,000
