A rent-to-own house agreement typically involves an option fee. The option fee is usually between 1 percent to 5 percent of the sale price. In a rent-to-own agreement, the owner and the tenant(s) pre-negotiate a future sale price. For instance, the market value of the home may be $150,000 when you sign the agreement.
Step 1: Write down the decimal divided by 1, like this: decimal/1. Step 2: Multiply both top and bottom by 10 for every number after the decimal point.(For example, if there are two numbers after the decimal point, then use 100, if there are three then use 1000, etc.).Step 3: Simplify (or reduce) the fraction.tep 1: Write down the decimal divided by 1, like this: decimal/1. Step 2: Multiply both top and bottom by 10 for every number after the decimal point.
So 1,000 is thedenominator of the fraction.0.638 Example 6 Write 21.67 as a fraction and a mixed number.Solution Step 1 The number of digits to the right of the decimal pointis 2. Step 2 Dropping the decimal point gives the whole number2,167. Use this number as the numerator of thefraction. Glencoe/McGraw-Hill 16 Lesson 5-6 End ofLesson 1. Count the number of digits to the right of the decimal point in the given decimal. Writing 2. Drop the decimal point from the decimal, and place the Decimals resulting whole number in the numerator of the fraction. as Fractions 3.