What is the digit in the thousandths place of the decimal equivalent of $\frac{3}{16}$?
To find the decimal equivalent of $\frac{3}{16}$, I need to divide 3 by 16. I can do this by long division, or by using a calculator. I'll use a calculator to save time. I enter 3 divided by 16 and press equals. I get 0.1875 as the decimal equivalent. To find the digit in the thousandths place, I need to look at the third digit after the decimal point. That is 7. Therefore, the digit in the thousandths place of the decimal equivalent of $\frac{3}{16}$ is 7. 