Calculate the Product: 0.01 × 3.5 Decimal Multiplication

The task is to find the product of two decimal numbers: $0.01$ and $3.5$. Follow these steps to compute the product:

• Step 1: Remove the decimal points and multiply as if they are whole numbers. Multiplying $1$ by $35$ gives $35$.
• Step 2: Count the total number of decimal places in both decimal numbers. The number $0.01$ has 2 decimal places, and $3.5$ has 1 decimal place, for a total of 3 decimal places.
• Step 3: Place the decimal point in the product so that the result has the same total number of decimal places counted in step 2. Thus, $35$ becomes $0.035$.

Following these steps ensures the decimal point is positioned correctly, resulting in the product $0.035$.

Therefore, the solution to the problem is $0.035$.