1/101 is then added, the result is 10001/999900
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.0700
This is a decimal figure and it means 7 one hundredths of an hour. Maybe you are thinking of 0700 which is 7am using the military time format
from 0645 to 0700 there are 15 mins from 0700 to 1000 there are 3 hours from 1000 to 1030 there are 30 mins. Thus the time elapsed is 3 hours 45 mins.
It takes 15 minutes to get to 0700 and another 58 to reach 758SO ...15 + 58 = 73 minutes
7 times 10 to the negative 6 in words is: seven millionths