5.08 is, itself, a fraction. It is a fraction in decimal form rather than in the form of a ratio. However, that does not stop it being a fraction. Its equivalent, in rational form, is 508/100. You can simplify this rational fraction if you so wish.
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508/100
4.062% as a simplified fraction is 2031/50000
508, 1016, 1524, 2032, 2540 . . .
508 to the nearest tens = 510
It is: 3.21 = 321/100 as an improper fraction