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In order to estimate to nearest thousands we follow the following procedure:
Step I: Obtain the number.
Step II: Examine the digit at hundreds place.
Step III: If the digit at hundreds place is less than 5, replace each one of the digits at hundreds, tens and ones or units place by 0 and keep all other digits as they are.
If the digit at hundreds place is 5 or greater than 5, increase the digit at thousands place by 1 and replace each one of the digits at hundreds, tens and ones place by 0.
The number so obtained is the number rounded off to the nearest thousands.
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