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Oh, what a lovely question! Imagine you have a dollar bill, and you divide it into five equal parts. Each part would be 20 cents, because 1 divided by 5 is 0.2, which is the same as 20 cents. So, 1/5 is 20 cents in money. Just a happy little calculation to brighten your day!
In terms of money, 1/5 is equivalent to 20%. This means that if you have $1 and you want to calculate 1/5 of that amount, you would multiply $1 by 0.20 to get 20 cents. Therefore, 1/5 in money is equal to 20 cents.
$1.50
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