Express the Following Ratio in Its Lowest Terms $\frac{1}{8}: \frac{3}{4}$

question 96

Short Answer

Express the following ratio in its lowest terms:
$\frac{1}{8}: \frac{3}{4}$

---

Definitions:

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets over a specific period of time.

Gross Domestic Product

The monetary value of all finished goods and services made within a country during a specific period.

Interest Rate

The percentage charged on a loan or paid on savings over a certain period of time, reflecting the cost of borrowing or the return on savings.

Investment

An asset or item acquired with the goal of generating income or appreciation in value.