It is 0.5 = 1/2
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0.05 is a fraction. It is a fraction in decimal form rather than in the form of a ratio. However, that does not stop it being a fraction. Its equivalent, in rational form, is 5/100. You can simplify this rational fraction if you require.
.05
It is: 0.05 = 1/20 in its lowest terms
0.5
0.05 or just .05 is five hundredths as a decimal.