Answer:
No! :)
Explanation:
Attached is a helpful photo that shows the name of each decimal place.
Starting from the first digit to the right of the decimal place, the order is:
tenths, hundredths, thousandths, ten thousandths, hundred thousandths, etc
The number 4 in the value 0.04 is TWO digits to the right of the decimal place, making it in the HUNDREDTHS place, not the tenths place :)