One hundredth, or one cent.
Example:
1.00 is one dollar, or one (1)
0.10 is one dime, or one tenth (1/10)
0.01 is one penny, or one hundredth (1/100)
0.25 is one quarter, or one fourth (1/4)
0.05 is one nickel, or one twentieth (1/20)
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0.01
A penny represents .01 in a decimal amount relating to a dollar.
$0.01
.01
$0.01