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Divide the minutes by 60 and that will be your decimal.
A fraction can be turned into a decimal figure. Divide the bottom into the top to get your decimal figure. Then work in decimals.
As far as I'm aware, decimals cannot have equivalents unless you add zeroes after the last figure in the decimal place. I.e. 0.1030, 0.10300. Equivalent fractions are 103/1000, 206/2000
Prime factorization refers to integers.
You can't 'get rid' of them - if the problem creates them in the answer. You can, however, manually round the answer up or down to a more manageable figure.