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.
To change a terminating decimal to a fraction use place value. For example: In the decimal .75 the 5 is in the hundredths place so we put which can be reduced to. In the decimal .2 the 2 is in the tenths place so we put which can be reduced to. Changing a repeating decimal to a fraction is a bit trickier. Look at the following fractions and their equivalent repeating decimals. = 0.5555.