What is the value of a penny in relation to a dollar?

09 Mar 2024

In the United States, a penny is the smallest denomination of currency, worth one cent. In relation to a dollar, a penny is equivalent to one-hundredth of a dollar. This means that 100 pennies make up one dollar.

Explanation:

A penny is one-hundredth of a dollar. This can be mathematically represented as 1/100 of a dollar, illustrating the fractional value of a penny in comparison to a dollar. Understanding the relationship between a penny and a dollar is fundamental in foundational math and monetary concepts.

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