| Places | Ones | Tenths | Hundredths | Thousandths | Ten Thousandths | Hundred Thousandths | |
|---|---|---|---|---|---|---|---|
| 1 | |||||||
| Number | 0 | . | 0 | 1 | 1 | 9 | 6 |
| Rounded Number | 0 | . | 0 | 1 | 2 |
- 1 is in the thousandths place and 9 is in the ten thousandths place
- Since the digit in the ten thousandths place (9) 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 digits to the right of the thousandths place are dropped
- 0.01196 rounded to the nearest thousandth (three decimal places) = 0.012
