Yes -the term 'penny' refers to a 1 cent piece in america. It's also 100th of a pound in the UK.
Chat with our AI personalities
A hundredth of a dollar is exactly ONE PENNY.
A cent is one hundredth of a dollar (in fact, the word "cent" is from a Latin word meaning "hundred"). So no, one tenth of a penny is not one hundredth of a dollar. (It is actually one thousandth of a dollar.)
The decimal $0.01 show's that one penny is one hundredth of a dollar.
Since a penny is one hundredth of a dollar, seven pennies is seven hundredths, which is $0.07 in decimal form.
six pennies, a nickel and a penny, six cents, one one-hundredth of a dollar, one tenth of a penny, one quarter of a quarter.