Number of significant figures I am looking for an intuitive answer that will explain me why there are only two significant figures in say the number 1500. 
Also definition from wikipedia:

The significant figures of a number are those digits that carry meaning contributing to its precision

So are we not considering last two zeros as meaningful ? Why like that ? 
 A: In physics, all numbers are imprecise. Significant figures are conceptually the digits that it is meaningful to include in the reported result.
The concept
When you read a gauge, the reading error is half the smallest interval on its scale - you basically take the value of the tick nearest to the hand's position (digital gauges do this for you).
So, if the reading is 1503 (the scale step is 1), it basically means that it's actually 1503±0.5.


*

*150 are precise

*3 is precise, too (in the true value, it can be 3 or 2 but when rounded to 4 digits, it will always be 3)


So, it's meaningful to only include the 4 digits into the result. Including further ranks would be meaningless since they can be anything in the true value - they wouldn't actually carry any additional information.
On the other hand, if a result (of a calculation, probably) is something like 1534.35056±3.50584 (the relative error is 2.3%)


*

*the leading 153 are precise

*4 is somewhat precise (in the true value, it can be anything from 0 to 7)

*the following figures are spurious (can be anything in the true value)


Since 4 is rather imprecise, it's reasonable to include the next digit as well: 1534±4 gives 2.6% error (worse than it actually is) while 1534.4±3.5 gives the correct 2.3%.
Conclusion
So,


*

*the concept (and thus the number) of significant figures only has meaning if the precision is given or implied.

*when the precision is implied


*

*it's typically implied the error is ~0.5 of the last significant rank (i.e. all the digits given are implied to be strictly precise). When it's not so, the error must be specified explicitly. This implication mostly stands for numbers written in scientific notation (n.nnnE[-]n). (let's call it the "scientific implication")

*For integer numbers written in plain (especially large round ones and especially in "inaccurate" domains like statistics), it's as usually implied that only the leading non-zero digits are "precise" while the zeros are just the padding for readability (in these domains, all numbers are often padded to thousands/millions/etc). (let's call it the "layman implication")



Application
In addition to the general cases given above, there are a few rules made out of pure convenience:


*

*leading zeros are never needed: 0.000045 is much more readable as 4.5e-5.

*trailing zeros are not needed unless precision is implied and they're the "precise" digits: 12.40 implies precision 0.01 (error 0.005) while 12.4 implies precision 0.1 (error 0.05). In 1500000, if only two zeros are actually precise, it should be written as 1.500e6.
It's because of these implications that it's so important to watch the trailing zeros - to avoid giving a false implication.

A: You are completely right, it is a confusing case you have. The number $1500$ does have 4 significant figures as it is.
But, you are told it has only 2. This is strictly speaking not correct. But it is just a shorthand way of writing $1.5 \times 10^{3}$ (or $15 \times 10^{2}$). It is an easier way to write a number with not so high an order of magnetude.
When you see $1501$ you know it is 4 significant figures. But when you see something like $1500$ you actually don't know if it is just this "shorthand" notation, as I will call it. You must know the context to be sure. If you do not know, you can only assume 4 significant figures.
A: There's a lot of context that goes into deciding which digits are significant.  I like to use the "anger management method" for deciding which digits are significant.
Suppose you are shopping for a fancy television. You see an advertisement that there's one you like on sale for \$1369.99.  You know that your area has 10% sales tax, so you predict that when you buy the television your total will be about \$1500.  You buy the television, and your actual total is \$1506.98.  Are you mad about that extra seven dollars?  Probably not — in which case the trailing zeros in your estimate were not significant.
The next week, the water main in your front yard fails and your yard fills with water.  Your plumber digs a trench in your yard and replaces the pipe, and you write him a check for \$1500.  When your bank statement arrives you notice that the bank actually debited \$1506.98 when it honored the check. Are you mad about that extra seven dollars?  Goddamn right you're mad! You'll probably double-check the copy of the check to make sure you wrote it correctly and it wasn't modified on its way to the bank, and you probably won't use that plumber again.  In that case the trailing zeros were significant.
When in doubt in the physical sciences, you write the uncertainty explicitly: $1500\pm100$ or $1500\pm10$ or $1500\pm1$ or $1500.0\pm0.1$.
Supposedly when the height of Mt. Everest was first measured the altitude came to $29\,000\pm1\rm\,ft$. The surveyors thought that if they reported the height as $29\,000\rm\,ft$ then people would assume their measurement was sloppy, so the last digit was fudged and the altitude was reported as $29\,002\rm\,ft$.
A: This depends on the context. If you have 1500 of something and you counted them yourself and you are sure you have precisely 1500, then all four figures are significant. On the contrary, if you're guessing that you have 1500, implying a certainty of order 100, then only the leading two figures are significant. In scientific notation, one would write the former as $1.500\times 10^3$ and the latter as $1.5\times 10^3$. Explicitly stating the trailing zeros indicates that those figures are indeed significant.
A: I teach high school in the United States.  I want to preface with that, because conventions common in one context are not necessarily universal.
That being said, it's pretty standard teaching practice here (at least in every class I've ever taken, taught, or known a colleague to teach) to assume that trailing zeroes are not significant unless otherwise noted.  So, in the example of $1500$, I automatically assume that measurement to have two significant figures unless noted otherwise.  There are multiple ways that you could note a different amount of significant digits:


*

*Use Scientific Notation- This is probably the best way, in general, to indicate the number of digits that are significant, because any digit in your multiplier prior to the power of ten is significant.  For example $1.5 \times 10^3$ has two significant digits, because $1.5$ has two significant digits.  If I wanted to indicate that all four digits are significant, I would instead write $1.500 \times 10^3$ where intentionally writing the extra zeros after the decimal shows that they are significant.  I could easily repeat the process for three significant digits, using only one trailing zero after the decimal.  However, depending on the order of magnitude of your measurement, it may feel silly or cumbersome to use scientific notation so you could...

*Use other markers to indicate significance- At least around here, it's pretty common to end your number with a decimal point to indicate significance on all digits.  For example, if I wanted to explicitly indicate significance on all four digits in your example, I could write it as $1500.$ with a decimal point after the final zero.  Because the decimal is not needed for any other reason, it's only there to indicate significance of the zero's to the left.  Well what if the first zero is significant but the second zero is not, for a total of three significant digits?  Then I would indicate the last significant zero with a bar either above or below the zero.  So either $15\bar00$ or $15\underline00$ could represent three significant digits.  Like I said above $1500$ with no other marks augmenting it is typically assumed to only have two significant figures.
Now, I fully recognize that at the research level, there are far better ways to indicate precision and relative uncertainty.  However, this strikes me as a high-school level question, so there's your high-school level answer.
