its 50 / 100 = 5 / 10 of a dollar
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Think of it like this you have 50 cents out of a dollar 50/100 or $0.50 so 63 cents out of a dollar would be 63/100 or $0.63.. some fractions can be broken down like so..50/100 = 1/2
50 cents is 1/2 of a dollar (100 cents)
50 and a half cents as a decimal is 0.505
49/50
0.62 = 31/50