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"Correct to 2 places" means that's as far as you worked it out. That would be 4.99 ."Rounded to 2 decimal places" means you worked it out to 3 places, then you decidedwhat the closest 2 decimal places are. That would be 5.00 .
The decimal point moves two places to the right.
It is already in two decimal places as 0.72
Two decimal places means two numbers after the decimal point. (which looks like a period)
It is 0.69 to two decimal places