Not quite. . .
13 percent is 13/100 or 0.13
one eighth is 12.5 over 100 which is 0.125 or twelve and a half per cent.
The answer is that one eighth is 12 1/2 percent, that is half a percent less than 13 percent
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81/8% = 13/160 in lowest terms.
13% of $1500.00 equal's $195.00
Expressed as a decimal fraction, 13 percent is equal to 13/100 = 0.13.
65/100 or 13/20
13/3 = 433.33%