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546.739 A thousandth (0.001) refers to the number one split into one thousand parts. Since one thousand (1000) has three zeros, the easiest way to remember it is you need three decimal places. Similarly, a hundreth (0.01) needs two decimal places, and a tenth (0.1) needs one decimal place. The answer above was also rounded up because the ten-thousandth place digit was 5.
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