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

Answer: $\dfrac{1}{32}$

Step-by-step explanation:

Given : The value of a mutual fund increased by $3\dfrac{1}{8}\%$.

To write $3\dfrac{1}{8}\%$ as fraction, we first convert it in improper fraction.

i.e. $3\dfrac{1}{8}\%=\dfrac{3\times8+1}{8}\%=\dfrac{25}{8}\%$

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

$\dfrac{25}{8}\%=\dfrac{25}{8}\div100=\dfrac{25}{8\times100}=\dfrac{1}{32}$

Hence, the answer is $\dfrac{1}{32}$

Answer 2

The answer is 81\800