- Determine the two consecutive multiples of 1,000 that bracket 98,123
- 98,123 is between 98,000 and 99,000
- 98,500 is the midpoint between 98,000 and 99,000
- As illustrated on the number line, 98,123 is less than the midpoint (98,500)
- Therefore, 98,123 rounded to the nearest thousand = 98,000
