| Places | Ones | Tenths | Hundredths | Thousandths | Ten Thousandths | |
|---|---|---|---|---|---|---|
| Number | 4 | . | 7 | 3 | 1 | 5 |
| Rounded Number | 4 | . | 7 | 3 |
- 3 is in the hundredths place and 1 is in the thousandths place
- Since the digit in the thousandths place (1) is less than 5, the digit in the hundredths place (3) does not change
- The digits to the right of the hundredths place are dropped
- 4.7315 rounded to the nearest hundredth (two decimal places) = 4.73
