Each digit moves 2 places to the right. We don't have any units and tenths, so we place a '0' in the columns. Therefore 2 ÷ 100 = 0.02 ...

Dividing is the opposite of multiplying. When you divide a decimal number by 10, 100 and 1000, the place value of the digits in the number decrease. Place value is the position of a digit in a number.