Round the decimal number to the nearest hundredth.

To round a decimal number to the nearest hundredth, you look at the third digit after the decimal point. If that digit is 5 or greater, you round up the second digit by one. If it's less than 5, you leave the second digit as it is. For example, if you have 2.345, you’d round it to 2.35, because the third digit (5) tells you to round up! In practical situations, rounding can help in finances, measurements, and data reporting. For instance, if you're calculating sales tax on a purchase, rounding to the nearest hundredth ensures you're accounting for every cent, making your budgeting more accurate and avoiding discrepancies that could lead to confusion or errors in financial documentation!