Lower GPA but good class rank?

So I just found that my uw GPA is actually 3.78 (not a 3.9 like I originally thought) which is pretty low it seems, but my class rank is top 5%. Does admissions see a 3.78 with a high class rank to be as qualified as someone with a higher gpa and a worse rank generally (assuming they have similar test scores and ec’s)?

A bit more weight is being put on class rank over GPA because of all the ways schools calculate GPA now. Some are over 4.0 due to weighted courses. Even with that, admissions looks at everything else as a whole package, so int he grand scheme, 3.78 vs 3.90 isn’t a huge deal

Ok thanks for the insight!!