Compare Decimals: Is 0.505 Equal to 0.5005?

To determine if the fractions are equal, we compare the decimal numbers carefully.

In $0.505$, the digits are 0, 5, 0, and 5.

In $0.5005$, the digits are 0, 5, 0, 0, and 5.

The first fraction, $0.505$, has no digit in the thousandths place, whereas the second fraction, $0.5005$, has a zero in the thousandths place.

Therefore, $0.505 \neq 0.5005$.