To write four hundredths of an inch, you would express it as 0.04 inches. This is because each hundredth is one one-hundredth of an inch, so four hundredths would be four times that amount. In decimal form, this would be written as 0.04 inches.
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0.03 inch
4 hundredths written as a decimal is 0.04
0.4
4.07
3.04 or 34/100