The third decimal place in this example is occupied by the number one: 00.001 (the one is in the thousandths place)
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Third to the right of the decimal point
The first place after the decimal point is tenths. The second place after the decimal point is hundredths The third place after the decimal point is thousandths. So the number must extend to the third place after the decimal.
Relative to the decimal point, the hundreds place is the third to the left and the hundredths place is the second to the right.
You don't need any digits to the right of the decimal point for an estimate to the nearest hundred. The third place to the left of the decimal point is the hundreds column. The second place to the right of the decimal point is the hundredths column. the tenths and hundredthscolumn together give you changes in increments of hundredths of a unit from point 00 to point 99.
the "thousandths place". To determine the place, start at the decimal point, and to the right of the decimal point, the order is "tenths", "hundredths", "thousandths", "ten-thousandths", "hundred-thousandths", "millionths" and so on. In 192955.193007 the 3 is the third place to the right of the decimal so its in the "thousandths place".