The four represents thousandths.
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The first value after the decimal point is the tenths place. This value is 4 (from the .4 in the number)
42 minutes! The only requirement of a decimal is that the place value of 4 is ten times the place value of 2.
It is measured to 4 decimal places.
It is 4 digits right of the decimal, so it is the ten-thousandths place value.
The four is in the "hundredths" place. (4/100) The second place after the decimal is equivalent to 10-2.