What is one tenth of a penny?
While the nickel is a bit larger and thicker than the penny, it’s certainly not five times bigger. Things get even more confusing when you consider the dime. Worth ten cents, the dime is not ten times bigger than the penny. In fact, it’s actually smaller!
A mill, mil or mille is 1/10th of a US cent or 1/1000th of a US Dollar. In the United States, it is most used in gasoline prices. For example $4.119 per US gallon. $0.009 is equal to nine mils.
Is a mill one tenth of a cent?
One dime is equal to 10 pennies. It takes 100 pennies to make a dollar, so each penny is equal to one-hundredth of a dollar. It takes 10 dimes to make 1 dollar, so a dime is one-tenth of a dollar.