Thus, 5 1/2% would be written in fraction form as (5 1/2)/100, or 5.5/100

This, in turn, would be rewritten into simple form as 55/1000 (i.e., the decimal is shifted one place to the right in both the numerator and the denominator)

Finally, we would simplify this by dividing both the numerator and the denominator by 5 to get: 11/200