| Places | Ones | Tenths | Hundredths | Thousandths | Ten Thousandths | |
|---|---|---|---|---|---|---|
| 1 | ||||||
| Number | 0 | . | 0 | 1 | 1 | 6 |
| Rounded Number | 0 | . | 0 | 1 | 2 |
- 1 is in the thousandths place and 6 is in the ten thousandths place
- Since the digit in the ten thousandths place (6) is greater than or equal to 5, add 1 to the digit in the thousandths place (1)
- 1 + 1 = 2, so the digit in the thousandths place becomes 2
- The digit in the ten thousandths place is dropped
- 0.0116 rounded to the nearest thousandth (three decimal places) = 0.012
