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To round the number 2,994 to the nearest hundreds place, we look at the digit in the tens place, which is 9. Since 9 is greater than or equal to 5, we round up the hundreds place digit, which is 9. Therefore, 2,994 rounded to the nearest hundreds is 3,000.
To round 5500 to the nearest hundreds place, we look at the digit in the hundreds place, which is 5. Since the digit to the right of it is 0, we do not need to round up. Therefore, 5500 rounded to the hundreds place is 5500.