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 \(\dfrac{1}{32}\)
