Verified Answer :

Place
value relationship is the change in the value of an account when given to the
nearest dollars.

For example:

The given number is 5482 round to the nearest hundreds.

Thus this became 5500, because 4 is in the hundreds place and the digit next to
it is 8 which is more than 5 so apply rounding up.

Notice that the current value we have change the time we rounded it to the
nearest hundreds.

Another example:

0.99999 round to the nearest tenths.

=> 1.0