decimal places have place value just like regular numbers:
- first decimal place = 10-1 = 1/10
- second decimal place = 10-2 = 1/100
- third decimal place = 10-3 = 1/1000
- fourth decimal place = 10-4 = 1/10,000
- etc.
So 0.0035 = 0/10 + 0/100 + 3/1000 + 5/10,000 = 35/10,000 = 7/2000 (when simplified)