Answer:
[tex]\frac{17}{400}[/tex].
Step-by-step explanation:
We have been given that the Franklins have a home loan with an interest rate of 4 1/4%. We are asked to change the percent as a fraction in simplest form.
[tex]4\frac{1}{4}\%=\frac{17}{4}\%[/tex]
We know percent means per 100.
[tex]\frac{17}{4}\%=\frac{\frac{17}{4}}{100}[/tex]
Using [tex]\frac{\frac{a}{b}}{c}=\frac{a}{bc}[/tex], we will get:
[tex]\frac{\frac{17}{4}}{100}=\frac{17}{4\cdot 100}[/tex]
[tex]\frac{\frac{17}{4}}{100}=\frac{17}{400}[/tex]
Since we cannot further simplify our fraction, therefore, our required fraction would be [tex]\frac{17}{400}[/tex].
