No it's not possible. Can you imagine what would it signify? If you think that fractional part will be shown by that, then we have the option of increasing the no. of digits after the decimal which would signify even smaller fractions.
So, it's not needed.
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yes.
'point' or 'and' because decimal ''point''
0.7 as a decimal in hundredths = 0.70
0.85 is already in its decimal form. Another equivalent decimal is 0.850
5.3% = 0.053