| Places | Ones | Tenths | Hundredths | Thousandths | Ten Thousandths | Hundred Thousandths | |
|---|---|---|---|---|---|---|---|
| 1 | |||||||
| Number | 0 | . | 5 | 4 | 9 | 5 | 5 |
| Rounded Number | 0 | . | 5 | 5 |
- 4 is in the hundredths place and 9 is in the thousandths place
- Since the digit in the thousandths place (9) is greater than or equal to 5, add 1 to the digit in the hundredths place (4)
- 1 + 4 = 5, so the digit in the hundredths place becomes 5
- The digits to the right of the hundredths place are dropped
- 0.54955 rounded to the nearest hundredth (two decimal places) = 0.55
