One twentieth of a penny.
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The difference in place is 1/20.
£2 = 200 pence 40/200 = 4/20 = 2/10 = 1/5 one fifth
Pence is the plural of Penny. 1 Penny, 2 Pence, 3 Pence, 10,938,451,117 Pence.
12% of 50 pence= 12% * 50 pence= 0.12 * 50 pence= 6 pence
15p