Rounding is a process in which we convert a given number into an easy number for various purposes. This easy number is not the exact value but is an approximate value of our number.
We generally round number because:
Some of the applications of rounding are as follows:
For instance: Josh wants to buy a laptop and knows it would cost approximately $950. But he rounds off this number and takes $1,000 instead, to be sure that he has enough money to buy the machine even if it costs a few dollars more.
To round numbers to the nearest hundredth, we follow the given steps:
Step 1 Identify the number we want to round.
Step 2 Mark the digit in the hundredth column.
Step 3 Now we look at the ‘thousandths’ column (the digits to the right of the hundredth column).
Step 4 (i) If the digit in the thousandths column is 0, 1, 2, 3 or 4, we will round down the hundredth column to the nearest hundredth.
(ii) If the digit in the thousandths column is 5, 6, 7, 8 or 9, we will round up the hundredth column to the nearest hundredth.
Step 5 Remove all the digits after the hundredth column. The left out number is our desired answer.
The process of rounding numbers to the nearest hundredth is shown using the given examples:
Example 1 Round 4.1257 to the nearest hundredth.
Step Number 
Observation 
Working Out 
Step 1 
4.1257 

Step 2 
We get 2 in the hundredth column. 

Step 3 
We get 5 at the thousandth column. (right of 2) 

Step 4 
We get 5 in Step 3. 
RoundUp 
Step 5 
4.13 
We add 1 to 2 and remove all the digits from the right of the hundredth column. 
Example 2 Round 53.183 to the nearest hundredth.
Step Number 
Observation 
Working Out 
Step 1 
53.183 

Step 2 
We get 8 in the hundredth column. 

Step 3 
We get 3 at the thousandths column.(right of 2) 

Step 4 
We get 3 in Step 3. 
RoundDown 
Step 5 
53.18 
We keep 1 as it is and remove all the digits from the right of the hundredth column. 
Example 3 Round 6.698 to the nearest hundredth.
Step Number 
Observation 
Working Out 
Step 1 
6.698 

Step 2 
We get 9 in the hundredth column. 

Step 3 
We get 8 at the thousandths column.(right of 9) 

Step 4 
We get 8 in Step 3. 
RoundUp 
Step 5 
6.7 
We add 1 to 9, carry over the 1 to the tenths and remove all the digits from the right of the hundredth column. 
Example 4 The depth of the pond is 73.789 m. What will be its depth rounded to the nearest hundredth?
Step Number 
Observation 
Working Out 
Step 1 
73.789 

Step 2 
We get 8 in the hundredth column. 

Step 3 
We get 9 at the thousandth column.(right of 8) 

Step 4 
We get 9 in Step 3. 
RoundUp 
Step 5 
73.79 
We add 1 to 8 and remove all the digits from the right of the hundredth column. 
Example 5 Bank Z has an exchange rate of 1.8962 Pounds to the Dollar. Round the exchange rate to the nearest hundredth.
Step Number 
Observation 
Working Out 
Step 1 
1.8962 

Step 2 
We get 9 in the hundredth column. 

Step 3 
We get 6 at the thousandth column. (right of 9) 

Step 4 
We get 6 in Step 3. 
RoundUp 
Step 5 
1.90 
We add 1 to 9 first and then again add the extra 1 to the tenths column and remove all the digits from the right of the hundredth column. 
Fun Fact
