| Places | Ones | Tenths | Hundredths | Thousandths | |
|---|---|---|---|---|---|
| 1 | |||||
| Number | 0 | . | 0 | 0 | 7 |
| Rounded Number | 0 | . | 0 | 1 |
- 0 is in the hundredths place and 7 is in the thousandths place
- Since the digit in the thousandths place (7) is greater than or equal to 5, add 1 to the digit in the hundredths place (0)
- 1 + 0 = 1, so the digit in the hundredths place becomes 1
- The digit in the thousandths place is dropped
- 0.007 rounded to the nearest hundredth (two decimal places) = 0.01
