Here are the essential concepts you must grasp in order to answer the question correctly.
Division
Division is one of the four basic arithmetic operations, representing the process of determining how many times one number is contained within another. In the context of the question, dividing 124.03 by 100 involves finding out how many groups of 100 fit into 124.03, which can also be interpreted as distributing 124.03 into 100 equal parts.
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Decimal Numbers
Decimal numbers are numbers that include a decimal point, which separates the whole number part from the fractional part. In this case, 124.03 consists of the whole number 124 and the decimal fraction 0.03. Understanding how to manipulate decimal numbers is crucial for performing operations like division accurately.
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Place Value
Place value refers to the value of a digit based on its position within a number. In decimal numbers, each position to the left of the decimal point represents increasing powers of ten, while each position to the right represents decreasing powers of ten. Recognizing place value is essential when dividing decimals, as it helps in determining the correct placement of the decimal point in the result.
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