Write $24.60 as a fraction of $2870. Give your answer in its lowest terms.

To write $24.60 as a fraction of$2870, follow these steps:

1. First, convert the dollar amounts to the same units. In this case, they're already both in dollars, so no conversion is necessary.

2. Next, write the fraction with $24.60 as the numerator and$2870 as the denominator. This gives you the fraction 24.60/2870.

3. To simplify the fraction, divide both the numerator and the denominator by their greatest common divisor. In this case, the greatest common divisor is 1, so the fraction simplifies to 24.60/2870.

4. To further simplify the fraction, you can convert the decimal in the numerator to a whole number by multiplying both the numerator and the denominator by 100. This gives you the fraction 2460/287000.

5. Now, divide both the numerator and the denominator by their greatest common divisor. In this case, the greatest common divisor is 10, so the fraction simplifies to 246/28700.

6. Repeat the process until you can't simplify the fraction any further. In this case, the fraction simplifies to 123/14350 in its lowest terms.