Final answer:
To convert the fraction 7/1000 to a percent, divide 7 by 1000, multiply by 100, and round to the nearest hundredth of a percent.
Step-by-step explanation:
To convert the fraction 7/1000 to a percent, first divide the numerator (7) by the denominator (1000) to get the decimal equivalent, which is 0.007. Then, multiply this decimal by 100 to convert it to a percent. So, 0.007 * 100 = 0.7%. Since we need to round the percent to the nearest hundredth of a percent, we round up because the dropped digits after the hundredth place is 5 or greater. Therefore, the fraction 7/1000 is approximately equal to 0.7%.