| Places | Thousands | Hundreds | Tens | Ones | Tenths | Hundredths | Thousandths | |
|---|---|---|---|---|---|---|---|---|
| 1 | ||||||||
| Number | 1 | 1 | 9 | 6 | . | 3 | 4 | 8 |
| Rounded Number | 1 | 1 | 9 | 6 | . | 3 | 5 |
- 4 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 (4)
- 1 + 4 = 5, so the digit in the hundredths place becomes 5
- The digit in the thousandths place is dropped
- 1,196.348 rounded to the nearest hundredth (two decimal places) = 1,196.35
