Well, 1 pound is 100 pence and we're dealing with 46 of the 100 so the answer is 46/100. We can simplify our answer to 23/50 so 23/50 or 46/100 is the answer.
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There are 100 pence in one pound. Therefore, 46 pence is equal to 46/100 pounds or 23/50 pounds, when expressed as a proper fraction in its simplest form.
It is a hundredth.
There are 100 pence per pound. Five pence is 5/100 or in lowest terms, 1/20.
1 twentieth .
1/10 = 10/100
46/1 p