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 Question from Kenneth: Hello: I read the following in an old business mathematics textbook: "Express 13 mills as a decimal part of $1.00." I can determine the answer as follows: There are 1000 mills in or per$1.00. 13 mills divided by 1000 mills/$1.00 equals$0.013, the answer. My question is as follows: What does "...as a decimal part of $1.00" indicate or represent from "Express 13 mills as a decimal part of$1.00."? Is (a decimal part of $1.00) any decimal less than$1.00 with the decimal having a dollar sign before it. I thank you for your reply.

Kenneth,

Compare this to a cent. Cent comes from the Latin word centum which means one-hundredth. Thus 13 cents is 13/100 = 0.13 dollars or $0.13. Mill comes from the Latin word for one-thousandth and hence 13 mills is 13/1000 = 0.013 dollars or$0.013.

Harley

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