when converting percents, think of it as money. Money is generally referred to in terms of the dollar ($1.00). To convert 8.25% into a fraction think of it as you having $8.00, which is the whole and 25 cents. 25 cents is one quarter out of 4 quarters ($1.00). So the fractional equivalent of 8.25% is 8 1/4 or eight and one-fourth.
