A penny represents .01 in a decimal amount relating to a dollar.
The decimal $0.01 show's that one penny is one hundredth of a dollar.
0.01
.01
$0.01
$0.01
1 penny is 1 /100 of one dollar or 1% of one dollar
0.01
Since a penny is one hundredth of a dollar, seven pennies is seven hundredths, which is $0.07 in decimal form.
a penny is 1% of a dollar
A penny is one hundredth of a dollar.a dollar
Half a penny in decimal form is 0.005