Identify Hundredth Place: Identify the hundredth place in the number 5.0699. The hundredth place is the second digit after the decimal point, which is 6 in this case.
Determine Rounding: Look at the digit to the right of the hundredth place to determine whether to round up or stay the same. The digit is 9, which is 5 or more, so we round the hundredth place up by 1.
Increase to 7: Since the digit to the right is 9, we increase the hundredth place from 6 to 7 and drop all the digits to the right of the hundredth place.
Final Rounded Number: The rounded number to the nearest hundredth is therefore 5.07.