123/100
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one and twelve hundredths as a decimal and fraction = 1.12 and 112/100 or 28/25.
It is 1 23/100.
1.56 = 156/100 = 39/25
You would write it as 1 12/100 - which can be simplified if you so wish. Alternatively, you could write it as the decimal fraction: 1.12