The rules for identifying significant figures when writing or interpreting numbers are as follows:
All non-zero digits are considered significant. For example, 91 has two significant figures (9 and 1), while 123.45 has five significant figures (1, 2, 3, 4 and 5).
Zeros appearing anywhere between two non-zero digits are significant. Example: 101.1203 has seven significant figures: 1, 0, 1, 1, 2, 0 and 3.
Leading zeros are not significant. For example, 0.00052 has two significant figures: 5 and 2.
Trailing zeros in a number containing a decimal point are significant. For example, 12.2300 has six significant figures: 1, 2, 2, 3, 0 and 0. The number 0.000122300 still has only six significant figures (the zeros before the 1 are not significant). In addition, 120.00 has five significant figures since it has three trailing zeros.
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There are five significant figures in the given value. It is according to the rule of significant figures which say that zeros right to the decimal point are significant and all non zero digits are significant So , all the digits in the given value are significant figures i.e 5 significant figures.
The simple rule is: no more significant figures than the least accurate of the values in the computation. For multiplication and division, the result should have as many significant figures as the measured number with the smallest number of significant figures. For addition and subtraction, the result should have as many decimal places as the measured number with the smallest number of decimal places. (Rounding off can be tricky, but that would be another thread)
There are 2 because of the leading zeros rule. Zeros at the beginning of a number are never significant.
Forget about "significant figures"; those are used to determine the precision when you multiply or divide. When adding numbers, the rule is that the result should be rounded according to the precision of the least accurate of the addents. In this case, to one decimal digit.
The main disadvantage is that in may cases the level of precision is limited to three significant figures.