0.007 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. And, since it is a decimal fraction, there is not another simpler decimal form. Its equivalent, in rational form, is 7/1000 which cannot be simplified.
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It is 13/20. And the word is simplest form , not simplist!
the percentage of 0.0007 = 0.07%
In terms of mathematics, there is no difference between 0007 and 7; putting zeroes at the left of a number has no mathematical meaning. Now if you had asked about 007, that would be different; James Bond is secret agen 007 (according to Ian Fleming, at least).
.007
Every fraction is an equivalent fraction: each fraction in decimal form has an equivalent rational fraction as well as an equivalent percentage fraction.