| Places | Hundreds | Tens | Ones | Tenths | Hundredths | Thousandths | |
|---|---|---|---|---|---|---|---|
| Number | 1 | 1 | 8 | . | 1 | 2 | 3 |
| Rounded Number | 1 | 1 | 8 | . | 1 | 2 |
- 2 is in the hundredths place and 3 is in the thousandths place
- Since the digit in the thousandths place (3) is less than 5, the digit in the hundredths place (2) does not change
- The digit in the thousandths place is dropped
- 118.123 rounded to the nearest hundredth (two decimal places) = 118.12
