Sometimes it is advantageous to express a value in round numbers. To round to a particular place, look at the digit immediately to the right of the one you want to round to, in this case, the 100 place. If that digit is 4, 3, 2, 1 or 0, zero it and everything to the right of it out. If that digit is 5, 6, 7, 8 or 9, increase your target digit by one and zero everything to the right of it out. If your target digit is 9, it will become a zero and increase the digit to the left of it by one.
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To round 1055 to the nearest 1000, we look at the hundreds place, which is 0 in this case. Since 0 is less than 5, we round down. Therefore, 1055 rounded to the nearest 1000 is 1000.
10: 1190 100: 1200 1000: 1000
7000
You cannot not round 554 to the nearest thousand. There is no digit in the thousands place.
To round 7394 to the nearest 1000, we look at the hundreds place, which is 3 in this case. Since 3 is less than 5, we round down to the nearest thousand, which means 7394 rounded to the nearest 1000 is 7000.