Are there any other PHP functions or methods that can be used to achieve the desired output for formatting numbers with specific decimal places?

To format numbers with specific decimal places in PHP, you can use the number_format() function. This function allows you to specify the number of decimal places you want to display for a given number. By using number_format(), you can easily format numbers to display the desired decimal precision.

$number = 123.456789;
$decimalPlaces = 2;
$formattedNumber = number_format($number, $decimalPlaces);
echo $formattedNumber; // Output: 123.46