To convert a decimal value into a fraction, move the decimal point to the rightmost position through multiplication by 10 for each position. Keep track of how many times you multiply by 10, and then divide by 10 the same amount.
7.23 = 7.23 x 10 x 10 / (10 x 10) = 723/100
You can now consider if there are any common factors that could be removed to simplify the fraction.
For your example, 723 = 3 x 241; and 100 = 2 x 5 x 2 x 5.
Since this has no common factors, the fraction can not be simplified further, and
the answer is 7.23 = 723/100
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