Tampines Primary School raised $48,750 for charity during their annual Sports Day. The principal wants to report this amount rounded to the nearest thousand dollars in the school newsletter. What amount should be reported?
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Worked Solution
Step 1: Identify the rounding place — nearest thousand. The thousands digit in 48,750 is 8.
Step 2: Look at the digit immediately to the right of the thousands place — the hundreds digit. The hundreds digit is 7.
Step 3: Apply the rule: if the digit to the right is 5 or more, round the thousands digit up; if less than 5, keep it the same. Here 7 ≥ 5, so 8 rounds up to 9.
Step 4: Replace the hundreds, tens and ones with zeros.
Final: $48,750 rounded to the nearest thousand is $49,000.
Answer: $49,000
Correct answer: $49,000
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