Expand by multiplying both the numerator and denominator by 100.
Reduce the fraction to its lowest terms by extracting and cancelling out 15.
The answer will be 23/8. You can also further simplify it to <em><u>2</u></em><em><u>.</u></em><em><u>8</u></em><em><u>7</u></em><em><u>5</u></em><em><u>.</u></em>