Technically the official name of the American coin is cent. The penny was never the name of any US currency. A penny is British currency. In the past the penny had a relatively low value. It still isn't worth much. At this time a penny is defined as one hundredth of a British pound. But many people refer to the cent as a penny.
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Technically the official name of the American coin is cent. The penny was never the name of any US currency. A penny is British currency. In the past the penny had a relatively low value. It still isn't worth much. At this time a penny is defined as one hundredth of a British pound. But many people refer to the cent as a penny.
100 pennies = 1 dollar 1/100 dollar = 1 penny x/100 dollar = x pennies
If 100 Pennies = $1 Dollar then $1 million ($1,000,000) dollars = 100,000,000 Pennies
1 dollar = 100 pennies 100,000,000 pennies x (1 dollar/100 pennies) = 1,000,000 dollars
100 pennies
IIt represents a fraction of 61/100.