Property
We round a number to a certain place value by inspecting the digit that follows that place. If the digit is 5 or greater we round up. If the digit is less than 5 we round down.
Examples
1,481,362→1,500,000 (The ten-thousands digit, 8, is greater than 5, so round up).
5,234→5,200 (The tens digit, 3, is less than 5, so round down).
78→80 (The ones digit, 8, is greater than 5, so round up).
Explanation
Simplifying numbers makes them much easier to use! Think of it like finding the nearest 'friendly' number on a number line that ends in zero. If the digit to the right is 5 or more, you power up to the next level. If it's less than 5, you just slide back down. Easy peasy!