The grade of math makes no difference whatsoever to the meaning.
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a penny
It is already in decimal form and is normally expressed as 0.01
You make 1 percent to a decimal which is .01(You make it into a decimal by dividing 1 by 100) then you make 1/2 percent into a decimal which is 0.5. Then you multiply .01 and .5 and it equals 0.005.
As a decimal, one percent is .01.
0.01 as a decimal is equivalent to 1/100 or one hundredth. In decimal form, it is written as 0.01, where the 1 is in the hundredths place and the 0 is in the tenths place. This can also be represented as 0.01 = 1 * 10^(-2), where the negative exponent indicates the decimal's position to the right of the decimal point.