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Fifteen hundredths.
It means to put two words together to form a compound word.
40.545 in word form is 'Forty point five four five'. NB NOT 'forty point five hundred and forty five'.
The word "X" does not have a specific meaning in number form. However, in Roman numerals, "X" represents the number 10.
40,795 = forty thousand, seven hundred ninety-five.