| Places | Thousands | Hundreds | Tens | Ones | Tenths | Hundredths | Thousandths | Ten Thousandths | |
|---|---|---|---|---|---|---|---|---|---|
| Number | 7 | 0 | 5 | 1 | . | 3 | 1 | 4 | 3 |
| Rounded Number | 7 | 0 | 5 | 1 | . | 3 | 1 |
- 1 is in the hundredths place and 4 is in the thousandths place
- Since the digit in the thousandths place (4) is less than 5, the digit in the hundredths place (1) does not change
- The digits to the right of the hundredths place are dropped
- 7,051.3143 rounded to the nearest hundredth (two decimal places) = 7,051.31
