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What is $53,298 rounded to the nearest 100?

  1. 53,200

  2. 53,250

  3. 53,300

  4. 53,350

The correct answer is: 53,300

To round $53,298 to the nearest hundred, it's important to focus on the digit in the tens place, which is the second digit from the right. In this case, the number is 53,298. The hundreds digit is 2 (in 53,200), and the tens digit is 9. When rounding, if the tens digit is 5 or greater, you round up the hundreds place. Since the tens digit in 53,298 is 9, which is greater than 5, rounding up the hundreds digit (2) means you add 1 to it, resulting in 3. Thus, the number becomes 53,300. This process underscores the rule of rounding, which aids in estimating and simplifying numbers for calculations. The other values presented do not reflect the rounding process correctly based on the rules for rounding to the nearest hundred.