Mathematics - Decimals - Decimal place value (hundredths, thousandths) - Pennies and Cents

Money context: 'One penny is 1/100 of a dollar = $0.01'. Show: 1 dollar, 2 dimes, 5 pennies = $1.25. Ask 4 questions: 'How do we write 47 cents as a dollar amount?' ($0.47), '3 dollars and 8 cents?' ($3.08). The student connects: hundredths = 2 decimal places = cents. Thousandths = 3 decimal places