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What is the value of 1/100 of $1?
  • a)
    $0.50
  • b)
    $1.00
  • c)
    $0.10
  • d)
    $0.01
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is the value of 1/100 of $1?a) $0.50b) $1.00c) $0.10d) $0.01Corre...
Dividing $1 by 100 gives $0.01, which is equivalent to 1 cent. This calculation is an example of how fractions operate in financial transactions.
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