has a list of the statutory royalty rates for webcasts and lists all the royalties in the “0.0x¢” format. Are they making a mistake or is the “0.02¢” format completely acceptable because everyone knows it means “$0.02¢”? I can’t decide.
“20¢” means twenty cents.
“2¢” means two cents.
“0.2¢” means two tenths of a cent.
"0.02¢"means two hundredths of a cent.
“0.002¢” means two thousandths of a cent.
And so on.
It is totally unambiguous. Well, except for people screw it up so much that you have to double check that they wrote what they really meant to write.
“$20.00” means twenty dollars.
“$2.00” means two dollars.
“$0.20” means twenty cents.
“$0.02” means two cents.
“$0.002” means two tenths of a cent.
Or, when they want to write two cents, they start with .02, then add the cents sign instead of using the correct dollar sign.
In this case, since they’re linking to a official US Copyright Office document, I would assume they did not make an obvious mistake, and they really mean 2 hundredths of a cent.
The first column to the right of the decimal is the tenths column.
The second column to the right of the decimal is the hundredths column.
The third column to the right of the decimal is the thousandths column.
0.02¢ is two hundredths of a cent.
0.002¢ is two thousandths of a cent.