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The second digit which placed after a decimal point is called the hundredth place. The hundredth place is .

We can also show decimals using blocks.
1. Hundreds block have 100 boxes.
2. Tens block have 10 boxes.
3. Ones block have 1 box.
4. Tenths block have boxes of ones block.
5. Hundredths block have boxes of ones block.

In the above image:
2 hundreds box + 3 tens box + 5 ones box + 4 tenths box + 2 hundredths box
This number can be read as "two hundred thirty-five and forty-two hundredth".
It also can be read as "two hundred thirty-five point four two".
This also can be represented in the place value table.

The third digit which placed after a decimal point is called the thousandth place. The thousandth place is .
Important!
means 1 part out of 100 parts of a whole.
means 1 part out of 1000 parts of a whole.