The document discusses decimals and their relationship to fractions. It explains that decimals extend the place value system to include values less than one. The value of each place decreases by a factor of ten as you move to the right of the decimal point. Decimals can be added, subtracted, multiplied and divided using standard algorithms. Terminating decimals can be converted to fractions by writing the decimal as the numerator over an appropriate power of ten as the denominator. Repeating decimals can be converted to fractions by writing the repeating portion as the numerator over nines and zeros in the denominator.