It is 1/3 in its reduced terms
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8/24 => 1/3
There is no mixed fraction. 24 over 8 is 3.
8/24 = 1/3
The whole number part of the mixed number 3 is equal to 24 eighths. 3 x 8 is 24. You already have 3 eighths in the fraction part of the mixed number. So you add 24 eighths to 3 eighths and you get 27 eights. So... 27/8
8/24 = 1/3