| Places | Ones | Tenths | Hundredths | Thousandths | |
|---|---|---|---|---|---|
| 1 | |||||
| Number | 4 | . | 7 | 2 | 5 |
| Rounded Number | 4 | . | 7 | 3 |
- 2 is in the hundredths place and 5 is in the thousandths place
- Since the digit in the thousandths place (5) is greater than or equal to 5, add 1 to the digit in the hundredths place (2)
- 1 + 2 = 3, so the digit in the hundredths place becomes 3
- The digit to the right of the hundredths place is dropped
- 4.725 rounded to the nearest hundredth (two decimal places) = 4.73
