You Must First Change 8% To A Decimal Or Fraction. So, Move The Decimal Point In 8.0% Over Two Places. This gives You 0.08. Now, Convert to a fraction. This Becomes:
8
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100
Now, divide. Dividing is the same as multiplying by the reciprocal.
So, This Gives You:
8 1
----- • -----
100 100
So, This Gives You:
8/10,000