Property
Money values can be written as decimals. Since 100 cents make up 1 dollar, any number of cents is that hundredth of a dollar.
1 cent=1001 of a dollar=$0.01 Examples
- 1 quarter is 25 cents, which is written as $0.25.
- 3 dimes and 4 pennies is 30+4=34 cents, which is written as $0.34.
- 2 dollars, 1 quarter, and 1 nickel is $2.00+$0.25+$0.05, which is written as $2.30.
Explanation
To write a money amount in decimal form, we use a decimal point to separate the dollars from the cents. The numbers to the right of the decimal point represent the cents, which are parts of a whole dollar. Since there are 100 cents in a dollar, we always use two decimal places for cents. For example, 50 cents is half of a dollar, written as $0.50.