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When rounding a number to the nearest thousand, you look at the hundreds place. In this case, 500 has a hundreds place value of 5. Since 5 is less than 5, you round down to the nearest thousand. Therefore, 500 rounded to the nearest thousand is 0.
Well, isn't that a happy little question! When we round 500 to the nearest 1000, it stays the same because it's already close to 1000. Just like adding a friendly little bush to a painting, sometimes things don't need to change much to fit right in.
It is 0.
Most schools teach you to always round 5 up (to 1000). However, doing so is inappropriate because it introduces an upward bias. The IEEE (Institute of Electronic and Electrical Engineers) standard 754 is to round 5 up or down so that the new last digit is even. See link for more: //en.wikipedia.org/wiki/Rounding#Round_half_to_even