% rate = 1%
note: $1 = 100 pe
n
nies
= 1/$1 * 100%
= 1/100 * 100%
= 1 * 1%
= 1%
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% rate: 1 penny of$1 = 1%note: $1= 100 pennies% rate:= 1 penny/$1 * 100%= 1 penny/100 pennies * 100%= 1 * 1%= 1%
1/1001 penny = 1 cent$1 = 100 cents1 penny = 1/100 of $1
1/100 1/100
One penny is one percent of one dollar in United States currency.
One penny is 1/100 of a dollar.