The hundredth place of a number is the second digit after the decimal point, which is $$4$$. Since the number $$4$$ is on the hundredth place, it represents $$0.04$$.  Check Lesson 4 Concept 1 on textbook 
What value does the hundredth place represent in the number $12.345$? 
Options:
  $$0.005$$ 
  $$0.04$$ 
  $$0.3$$ 
  $$2$$ 