Question

The Franklins have a home loan with an interest rate of 4 1/4%. Write the percent as a fraction in simplest form.

Answer 1

`(17)/(400)`.

Explanation:

We have been given that the Franklins have a home loan with an interest rate of 4 1/4%. We are asked to change the percent as a fraction in simplest form.

`4(1)/(4)\%=(17)/(4)\%`

We know percent means per 100.

`(17)/(4)\%=((17)/(4))/(100)`

Using
`((a)/(b))/(c)=(a)/(bc)`, we will get:

`((17)/(4))/(100)=(17)/(4\cdot 100)`

`((17)/(4))/(100)=(17)/(400)`

Since we cannot further simplify our fraction, therefore, our required fraction would be
`(17)/(400)`.

Answer 2

For the answer to the question above asking to Write the percent as a fraction in simplest form if the Franklins have a home loan with an interest rate of 4 1/4%.
4 1/4 %
4.25%
0.0425
425/10,000
Finally, the answer is 17/400
I hope my answer helped you. Have a nice day!