The fraction of the money belonging to Rachel is 
Let
be the amount of money Rachel has
Let
be the amount of money Neil has
Let
be the amount of money Caroline has
Let
be the total amount of money shared between the three people
Then, from the problem we have the following relationships

Substituting the formulae for
and
into the sum
, we get

Or, we can say that, 
Therefore, the fraction of money Rachel gets is
of the total amount.
For an additional example of how to solve word problems that involve sharing money among people, see this answered question: brainly.com/question/23286685