Its actually quite easy, technically, it's written as 0.5p or you can write it as a fraction. There used to be half a penny coin too so maybe, if you found out the calculational term for that, it should give you an 100% accurate answer although this is quite close.
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0.005
Half a thousandth is written as 0.0005 in decimal form. A thousandth is 0.001, so half of that is 0.0005.
i penny is 1 out of 100 cents, therefore it is .01
1/2 in decimal form is 0.5.
.5 miles