In binary notation, what is the meaning of the digits after the radix point “.”?

Simple place value. In base 10, you have these places:

… 103 102 101 100 . 10-1 10-2 10-3

… thousands, hundreds, tens, ones . tenths, hundredths, thousandths …

Similarly, in binary (base 2) you have:

… 23 22 21 20 . 2-1 2-2 2-3

… eights, fours, twos, ones . halves, quarters, eighths …

So the second place after the . in binary is units of 2-2, well known to you as units of 1/4 (or alternately, 0.25).

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