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That is the correct spelling for the numeral 49.017 ("forty-nine and seventeen thousandths").
To write forty-nine and ninety-nine thousandths, you would write it as 49.099. The number 49 represents the whole number part, the zero after the decimal point represents tenths, the nine represents hundredths, and the second nine represents thousandths. So, combining these parts gives you forty-nine and ninety-nine thousandths as 49.099.
Seven and two hundred forty-nine thousandths
Two thousand, forty-nine and nine thousandths.
0.349