Standard rounding rules
The most common rounding rule is "round half up": if the digit being dropped is 5 or greater, round the preceding digit up; if it is less than 5, leave it unchanged. Rounding 3.456 to two decimal places gives 3.46 because the third decimal (6) is 5 or more.
Some scientific and financial applications use "round half to even" (banker's rounding), which rounds the digit 5 to the nearest even number. This reduces cumulative bias over many rounding operations. Under this rule, 2.5 rounds to 2 and 3.5 rounds to 4.