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Round up to the greater thousand if:

  • the last three digits of the number are greater than 500, or
  • the last three digits of the number are 500 and the greater thousand is even.

Round down to the smaller thousand if:

  • the last three digits of the number are less than 500, or
  • the last three digits of the number are 500 and the lesser thousand is even.

Many schools teach that 500 should always be rounded up. This is a simpler rule but is wrong since such rounding introduces a bias in the results.

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Q: When would you round to the greater thousand?
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To round 472992 to the nearest ten thousand, you would look at the digit in the ten thousand place, which is 9. Since 9 is greater than 5, you would round up. Therefore, 472992 rounded to the nearest ten thousand would be 480000.


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