As shown by the convention, 56 pennies are 0.56 dollars or 0.56 pounds.
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56 Pennies equals 56 Pence. Pence is the plural of Penny.
There were 240 pre-decimal pennies in a pound.
56/70 as a decimal is 0.8
Expressed as a decimal, 56/64 = 0.875
56 percent written as a decimal is 0.56