| Places | Ones | Tenths | Hundredths | Thousandths | |
|---|---|---|---|---|---|
| 1 | |||||
| Number | 0 | . | 0 | 1 | 5 |
| Rounded Number | 0 | . | 0 | 2 |
- 1 is in the hundredths place and 5 is in the thousandths place
- Since the digit in the thousandths place (5) is greater than or equal to 5, add 1 to the digit in the hundredths place (1)
- 1 + 1 = 2, so the digit in the hundredths place becomes 2
- The digit in the thousandths place is dropped
- 0.015 rounded to the nearest hundredth (two decimal places) = 0.02
