Answer: [tex]\dfrac{1}{32}[/tex]
Step-by-step explanation:
Given : The value of a mutual fund increased by [tex]3\dfrac{1}{8}\%[/tex].
To write [tex]3\dfrac{1}{8}\%[/tex] as fraction, we first convert it in improper fraction.
i.e. [tex]3\dfrac{1}{8}\%=\dfrac{3\times8+1}{8}\%=\dfrac{25}{8}\%[/tex]
To convert percentage to fraction, we generally divide it by 100 , we get
[tex]\dfrac{25}{8}\%=\dfrac{25}{8}\div100=\dfrac{25}{8\times100}=\dfrac{1}{32}[/tex]
Hence, the answer is [tex]\dfrac{1}{32}[/tex]
