One hundred hundredths is simply 100/100 which is 1.
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500.01
To write one hundred and two hundredths as a decimal, you would write it as 100.02. The whole number 100 represents the one hundred, and the two hundredths are represented by the decimal point followed by the number 02. This is the standard way to represent a mixed number as a decimal.
One hundred six and seven hundredths in decimal form would be 106.07.
It is one hundred twenty and nine hundredths.
Being English I write it as: one hundred and twenty, and nine hundredths; or one hundred and twenty point zero nine. Americans are likely to write it: one hundred twenty and nine hundredths