That would be 1/20 - 5 goes into 100, 20 times. Before 1971, the pound is divided into twenty shilling and then a shilling is further subdivided into twelve pence. So, five pence is one shilling before 1971. Now, the pound is much simpler with 100 pence since 1971.
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4/5
There are 20 5 pences in 1 pound, so 5p is one 20th or 1/20 of a pound. 1/20 is the same as 0.05.
It is: 20/100 or 1/5 in its lowest terms
To convert pence to pounds, you divide by 100 since there are 100 pence in 1 pound. Therefore, 10p is equal to 0.10 pounds. To find the fraction of 1 pound that 10p represents, you would set up the fraction as 0.10/1. This simplifies to 1/10, so 10p represents 1/10 of a pound.
It is 35/100 or 7/20 when simplified (divide both 35 and 100 by 5).