Table of Contents

## What is the value of decimals?

A decimal number is defined as a number which is written in the decimal notation where each digit represents the different powers of 10. For instance, 20.456, 5. 006, 0.0001 are examples of decimal numbers.

## What is the first place value to the right of the decimal point?

tenths place

The tenths place is the first place to the right of the decimal, but the tens place is two places to the left of the decimal.

**How do you read numbers after a decimal point?**

Say the number after the decimal and add its numerical place to it.

- For example, if the number is 6.2, say “six and two tenths.”
- If the number is 6.27, say “six and twenty-seven hundredths.”
- If the number is 6.275, say “six and two-hundred and twenty-seven thousandths.”

**What does 0.01 mean?**

0.01 (point zero one) which is also equal to 1/100.

### What is the decimal point of 10%?

0.1

Example Values

Percent | Decimal | Fraction |
---|---|---|

10% | 0.1 | 1/10 |

12½% | 0.125 | 1/8 |

20% | 0.2 | 1/5 |

25% | 0.25 | 1/4 |

### What is 2.738 to 2 decimal places?

To do that, you must look at the 8 , and see if it is larger then 5, or less than 5. Since it is larger than, you can round the 38 up to 40 . So now the number you have is 2.740 , but since the 0 does not need to be included, you have 2.74 , which is 2 decimal places.

**What does 0.01 lot size mean?**

0.01 Lot Size in Forex trading (also known as Micro Lot) equals 1.000 units of any given currency. In any forex pair where the quote currency is the USD such as the GBP/USD, the pip value per Micro Lot is $0.1.

**What is the difference between 0.01 and 1%?**

0.1 has one significant decimal digit, that is, one digit to the right of the decimal point. 0.01 has two significant decimal digits. When working with operands with a different number of significant digits, all numbers are padded with trailing zeros until all operands have the same number of significant digits.

#### What does 3 decimal places mean?

When you round to the third decimal place, you’re rounding to the nearest thousandth. That number will be the last digit in the rounded number, and your job is to decide whether to leave it as it is, which is rounding down, or add one unit, which is rounding up. Look at the fourth number in the decimal series.