Write "fifty-eight thousandths" as a decimal number.

Fifty-eight thousandths in decimal form is written as 0.058. This means that you have 58 parts out of a thousand, placing the '58' in the thousandths place, which is three places to the right of the decimal point! Understanding decimal notation can help you in real-life situations, such as budgeting or measuring. For instance, if you’re tracking your savings and you have $0.058 in your account, you know exactly how much you've saved in terms of thousandths of dollars. It's a handy way to organize and understand fractional amounts!