Converting Decimal to Fraction: Transform 0.55 into Simplified Form

To solve this problem, we'll follow these steps:

• Step 1: Identify the decimal number given as 0.55.
• Step 2: Express 0.55 as a fraction using its place value.
• Step 3: Verify which choice this corresponds to among the provided options.

Let's work through each step:

Step 1: We have the decimal 0.55.

Step 2: In the decimal number 0.55, the first '5' is in the tenths place, and the second '5' is in the hundredths place, so this can be expressed as:
$0.55 = \frac{55}{100}$ This places 55 over 100 to correspond with its placement in the hundredths position in decimal terminology.

Step 3: Comparing the resulting fraction $\frac{55}{100}$ with the choices provided, this matches choice number two. Therefore, choice number two is the correct answer.

Hence, the solution to the problem is $\frac{55}{100}$.