Is it proper grammar to refer to four digit number in hundreds?


Sometimes you will hear people refer to four digit numbers in terms of hundreds. For example, sometimes people will say fifteen hundred when talking about the number 1500. Is this proper?


What are the rules of usage? In my personal experience, the hundreds notation is common for values less than 2000, but rare for larger values. Can I refer to 7300 as seventy-three hundred?


I know this has been discussed in another question, but that was in terms of years. I'm asking about numbers in general.




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