It should be 20 cents because 1/8 would be 4 cents.
Five eighths of 32 is 20.
SIXTY TWO AND 1/2 CENTS
31/48Thirty one forty eighths.
$23.07
One quarter is two eighths, so five eighths subtract two eighths is three eighths.
Two dimes + two nickels+ five pennies 20+10+5
36
The decimal number 292.35 would be spelled out as "two hundred ninety-two point three five" or "two hundred ninety-two and thirty-five hundredths". The currency in dollars would be "two hundred ninety-two dollars and thirty-five cents".
Two and five eighths
2
Two thousand Five hundred thirty three dollars and zero cents
Two and five eighths as an improper fraction is 2625/1000 or 21/8