When rounding to 1 decimal place, we look at the hundredths digit.<br><br>
&bull; A number rounds to 4.7 if it lies between 4.65 and 4.74999...<br>
&bull; The smallest value that rounds to 4.7 is 4.65.<br>
&bull; The largest value with 2 decimal places that rounds to 4.7 is 4.74.<br>
&bull; 4.75 would round up to 4.8, so 4.74 is the maximum.<br><br>
Final Answer: 4.74