If you mean £1 then it is: 15/100 = 3/20 in its reduced terms
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To convert 15p to pounds, you need to divide by 100 since there are 100 pence in a pound. Therefore, 15p is equal to 0.15 pounds. To find the fraction of 0.15 pounds out of one pound, you would set up the fraction as 0.15/1. Simplifying this fraction gives you 3/20. So, 15p is equal to 3/20 of one pound.
1/3 is a fraction.
12.0 = 12/1 in fraction
It has "1" for the numerator.
I would guess it means the same as "unit fraction" - a fraction that has a numerator of 1, such as 1/2, 1/7, or 1/100.