| Places | Ones | Tenths | Hundredths | Thousandths | Ten Thousandths | |
|---|---|---|---|---|---|---|
| Number | 0 | . | 2 | 4 | 2 | 4 |
| Rounded Number | 0 | . | 2 | 4 | 2 |
- 2 is in the thousandths place and 4 is in the ten thousandths place
- Since the digit in the ten thousandths place (4) is less than 5, the digit in the thousandths place (2) does not change
- The digit in the ten thousandths place is dropped
- 0.2424 rounded to the nearest thousandth (three decimal places) = 0.242
