Final answer:
The water level decreased by 11/40.
Step-by-step explanation:
To find the fraction by which the water level decreased, we need to subtract the initial water level from the final water level. The initial water level is 7/8 and the final water level is 3/5. So, the fraction by which the water level decreased is:
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- Convert the fractions to have the same denominator: 7/8 = 35/40 and 3/5 = 24/40.
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- Subtract the fractions: 35/40 - 24/40 = 11/40.