100c = $1
so 100 x (1/12) = 0.083c
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One twentieth is equal to half of one tenth.
0.0005 hundreds = one twentieth
To calculate .0005 of one dollar, you would multiply .0005 by 1. This equals 0.0005 dollars, which is equivalent to 5/10,000 of a dollar. In decimal form, this is $0.00005.
One fortieth.
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