The term "one hundredth" refers to the fraction 1/100, which represents one part of a whole divided into one hundred equal parts. In decimal form, one hundredth is expressed as 0.01. This concept is commonly used in various fields, including mathematics, finance, and measurement, to denote small quantities or percentages. In everyday life, one hundredth can be seen in contexts such as currency, where it represents one cent in the United States, or in measurements, such as centimeters. Understanding one hundredth is essential for tasks like calculating discounts, determining interest rates, and interpreting statistical data.