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3-4                               Everything Decimals                                 CH 3]


                                                   NUMBER PLACEMENT VALUE




                              thousands    hundreds   tens      ones   Decimal Point    tenths    hundredths   thousandths





                             1           1           1         1      .    1          1            1
                          (1/10 of 10,000)   (1/10 of 1000)   (1/10 of 100)   (1/10 of10)      (1/10 of 1)   (1/10 of 1/10)   (1/10 of 1/100)

                       1/10 x 10,000 = 1,000      1/10 x 100 = 10        1/10 x 1 = 0.1      1.10 x 1/100 = 0.001
                                    1/10 x 1,000 = 100      1/10 x 10 = 1         1/10 x 1/10 = 0.01


                                                        9 6 3 5  .  7 5 3

                                          Thousands        tens        tenths      thousandths
                                                   Hundreds     ones        hundredths
                                                                 Decimal Point

                                                    Figure 3.3 Decimal Value


                            there is no whole-number portion such as in the number 0.25, the zero value is the absence
                            of a whole number. A mixed decimal fraction, such as 735.46, is composed of both a decimal
                            fraction and a whole number). Rarely, would you encounter a complex decimal. A complex
                            decimal is a decimal fraction that contains a decimal value and also contains a  fraction
                                  3
              Concatenate:   (0.564  / 4 ). It is best to convert the fraction element to its equivalent form and concatenate it
              Link (things)   to the decimal fraction, thus 0.564 / 4  becomes 0.56475; a decimal fraction that has five
                                                          3
              together in a
              chain or series.   digits to the right of the decimal. Then based on what your decimal fraction is being used in,
              To join two   round up or down as required.
              words into one.   Let’s say that the decimal fraction 0.56475 is in dollars. When rounded so that there are
                            only two digits to the right of the decimal point, the number 0.56475 becomes 0.56. If the
              Example with   work requires that you round to three digits to the right of the decimal point then 0.56475
              Greek words in   becomes 0.565.
              English:         When a number contains a decimal point, the point is read as either “point” or "and."
              Economics
              means home    When reading mixed numbers or mixed decimals, the phrasing used to indicate the fraction
                                                                   3
              management.   portion of a complex decimal, such as 23.65 / 4  would be read as “twenty three ‘point’ sixty-
              Macro means   five ‘and’ three-quarters.” The name applied to a decimal number is determined by the place
              large. Micro   occupied by the last whole digit to the right of the decimal point. The number examples in
              means small.   Figure 3.4 are read as follows:
              You will take two
              economics
              courses and one      A.  Three hundred sixty-two point four or three hundred sixty-two and four tenths.
              is                   B.  Twenty-nine point twenty-five or twenty-nine and twenty-five hundredths.
              Microeconomics       C.  Zero point two hundred forty-five or two hundred forty-five thousandths.
              and the other is     D.  Zero point zero, zero, zero thirty-five or thirty-five hundred thousandths.
              Macroeconomics       E.  Zero point three hundred fifty-six and one-half or three hundred fifty-six and
              . Micro and              one-half thousandths.
              Macro have been      F.  Zero point zero 8 and one-quarter thousandths or Eight and one-quarter
              concatenated to
              the word                 hundredths.
              economics and
              freely translated   Notice that 0.000¼ means ¼ of 1/1,000 and that 0.00 ½ means ½ of 1/100.
              mean, small
              home          CONVERTING FRACTIONS TO DECIMAL NUMBERS
              management
              and large home   Equivalent Fraction and Decimal
              management.
                               To be proficient at using fractions and decimal fractions, you should know how to
                            transform an equivalent fraction an equivalent decimal fraction.
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