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Fifty-six hundredths.
The difference between fifty-four and five hundredths (54.05) and fifty and forty thousandths (50.040) is four and one hundredth 54.05 - 50.040 = 4.01
500,000 thousandths in five hundred 50 thousandths in five hundredths
Five and fifty hundredths
5.055 is five and fifty five thousandths.