- Determine the two consecutive multiples of 1,000 that bracket 274,503
- 274,503 is between 274,000 and 275,000
- 274,500 is the midpoint between 274,000 and 275,000
- As illustrated on the number line, 274,503 is greater than the midpoint (274,500)
- Therefore, 274,503 rounded to the nearest thousand = 275,000
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