Timesheet options Decimal Places is not honoring the configuration

Document ID : KB000117821
Last Modified Date : 04/12/2018
Show Technical Document Details
Steps to Reproduce:

1. In timesheet options : 
Decimal Places=2 
Display Unit=Hours
2. In Classic PPM enter timesheet for a resource: 
Enter for example 1.138.
Click on Save

2.1. Observe UI.
UI shows 1.14. 

2.2. Query the DB: select * from prtimeentry order by prmodtime desc (check first record)

DB stores 4096.7999999999993 

3. In New UX do the same and enter the same value 
Same results 

Actual Results:
In My timesheet options I set Decimal Places=2. It is not honoring the configuration; maybe the configuration is for display only; not entering values.
Expected Results:
We should honor the setting to only allow entering the values based on the configuration.
In the DB, it really should store it with a decimal precision of two, just as it's being displayed on the timesheet. 
Caused by DE44895
This is per design. This is how our numbers viewing/editing is designed.