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What is the rounded figure of $53,298 to the nearest hundred?

  1. 53,000

  2. 53,200

  3. 53,300

  4. 53,400

The correct answer is: 53,300

To round the figure of $53,298 to the nearest hundred, you first need to identify the hundreds and tens places. In this number, the hundreds place is '2' in '53,200', and the tens place is '9' in '53,290'. When rounding, if the digit in the tens place is 5 or greater, you round up. Since the tens digit here is '9', it is greater than 5, so you round up the hundreds digit. This means you add one to the hundreds place (which is '2' in '53,200'), changing it to '3', resulting in '53,300'. Thus, the rounded figure of $53,298 to the nearest hundred is indeed 53,300.