| Places | Hundreds | Tens | Ones | Tenths | Hundredths | Thousandths | Ten Thousandths | Hundred Thousandths | |
|---|---|---|---|---|---|---|---|---|---|
| Number | 4 | 8 | 3 | . | 8 | 0 | 5 | 2 | 7 |
| Rounded Number | 4 | 8 | 3 | . | 8 | 0 | 5 |
- 5 is in the thousandths place and 2 is in the ten thousandths place
- Since the digit in the ten thousandths place (2) is less than 5, the digit in the thousandths place (5) does not change
- The digits to the right of the thousandths place are dropped
- 483.80527 rounded to the nearest thousandth (three decimal places) = 483.805
