1. What is the place value of the digit \( 5 \) in the decimal number \( 12.053 \)?
A) \( 50 \)
B) \( \frac{5}{10} \)
C) \( \frac{5}{100} \)
D) \( \frac{5}{1000} \)
Correct Answer: C
Detailed mathematical steps and logical reasoning.
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