2.96 = 296/100 = 74/25 or 224/25
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0.296296296 = 296/999 or 8/27 in fraction
0.296 is 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 296/1000. You can simplify this rational fraction if you so wish.
0.296 = 296/1000 = 37/125
296 over 27 is already in simplest form as a fraction. It can also be expressed as a mixed number: 1026/27
It is 296/10, which you can simplify if you so wish.