23 pence
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23 hundredths = 23 / 100 = 0.23
23 hundredths is 0.23
23 hundredths in decimal notation = 0.23
23/100 or .023
Well, 1 pound is 100 pence and we're dealing with 46 of the 100 so the answer is 46/100. We can simplify our answer to 23/50 so 23/50 or 46/100 is the answer.