Question

The value of a mutual fund increased by 3 1/8%. Write 3 1/8% as a fraction in simplest form. Justify your answer

Answer 1

The answer is 81\800

Answer 2

Answer:
`(1)/(32)`

Explanation:

Given : The value of a mutual fund increased by
`3(1)/(8)\%`.

To write
`3(1)/(8)\%` as fraction, we first convert it in improper fraction.

i.e.
`3(1)/(8)\%=(3*8+1)/(8)\%=(25)/(8)\%`

To convert percentage to fraction, we generally divide it by 100 , we get

`(25)/(8)\%=(25)/(8)/100=(25)/(8*100)=(1)/(32)`

Hence, the answer is
`(1)/(32)`