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A penny is: 1/5th of a nickel 1/10th of a dime 1/25th of a quarter 1/50th of a half-dollar 1/100th of a dollar 1/200th of two dollars . . . and so on
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Penny
One eighth of a penny is equivalent to 0.125 cents. This can be calculated by dividing 1 by 8, which equals 0.125. In terms of monetary value, one eighth of a penny is a very small fraction and is essentially negligible in practical use.
0.975 rounded to the nearest penny would be 1 (one whole penny).