It is 1/100 of a dollar.
Think about it this way: 100 pennies make up 1 dollar (100/100) so one penny is only 1 out of 100 pennies need to make up the dollar (1/100)
a penny is 1% of a dollar
1 penny is worth 1/100 or a hundredth of a dollar. there are 100 pennies in a dollar. so a penny is a fraction of 1 dollar.
penny
The value of the US dollar is not based on gold. However at today's gold prices, one dollar will buy about 0.011 pennyweights of gold.
1 cent=1 percent. 5 cents=5 percent, etc.
1%.
The purchasing value of the "penny" coin is defined as 1/100 of a dollar, or $0.01
a penny is 1% of a dollar
1 penny is worth 1/100 or a hundredth of a dollar. there are 100 pennies in a dollar. so a penny is a fraction of 1 dollar.
There are 100 pennies in a dollar, so 1 penny equals 1/100 of a dollar.
1 penny is 1 /100 of one dollar or 1% of one dollar
One penny is 1/100 of a dollar.
100 pennies is 1 dollar, so one penny is 1/100th of a dollar.
$1.01
A penny is a cent 100 cent = 1 dollar 100 - 1 = 99
Centimeter is to meter as a penny is to 1$
1%