$\displaystyle{0.7}=\frac{{7}}{{10}}\usepackage{cmbright}\Huge\$ , so $\displaystyle\frac{{7}}{{50}}\usepackage{cmbright}\Huge\$ and 0.7 are not equivalent quantities. Convert the fraction $\displaystyle\frac{{7}}{{50}}\usepackage{cmbright}\Huge\$ to hundredths, then find the equivalent decimal and percent.