0.03 is a decimal . There is NO equivalent.
However, as a fraction it is 3/100
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003 = 3 and in word form it is "three". There is no such thing as a decimal word!
It depends on where the decimal point is. .003 is 3/1000. 0.03 is 3/100.
.003
0.003%= 0.00003 in decimal= 3/100000 in fraction
To convert a decimal into a percent, move the decimal point two places to the right: .003 = .3%