| Places | Ones | Tenths | Hundredths | Thousandths | Ten Thousandths | Hundred Thousandths | |
|---|---|---|---|---|---|---|---|
| 1 | |||||||
| Number | 0 | . | 4 | 7 | 2 | 8 | 3 |
| Rounded Number | 0 | . | 4 | 7 | 3 |
- 2 is in the thousandths place and 8 is in the ten thousandths place
- Since the digit in the ten thousandths place (8) is greater than or equal to 5, add 1 to the digit in the thousandths place (2)
- 1 + 2 = 3, so the digit in the thousandths place becomes 3
- The digits to the right of the thousandths place are dropped
- 0.47283 rounded to the nearest thousandth (three decimal places) = 0.473
