[Ref http://www.math.com/tables/general/numnotation.htm]

Fractions

Digits to the right of the **decimal point** represent the fractional part of the **decimal number**. Each place value has a value that is one tenth the value to the immediate left of it.

**Examples:**

0.123 = 123/1000 (said – **point 1 2 3**, or **123 thousandths**, or two hundred thirty four thousandths)

1.68 = 168/100 (said – **1 point 6 8**, or **1 and 68 hundredths**)