There are an infinite number of fractions with a value less than 1/2. Some examples are
1/3
1/4
1/5
2/5
1/6
1/7
2/7
3/7
3/8
11212/22425
1/10000090067856
and countless more. Any positive fraction, where the denominator is more than twice the numerator, and all negative fractions as well.
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1/4,1/8,1/16...
a quarter or one fourth or 0.25 are all the same thing and are thess than one half. But many other nuumbers and fractions are also less than one half.
2/3 x 3/5
If the denominator is more than double the numerator, then the fraction is less than a half.
In fractions equivalent to 1/2, the numerator is half of the denominator. Any fraction where the numerator is less than half of the denominator, like 19/40, is less than 1/2. Any fraction where the numerator is more than half of the denominator, like 49/96, is greater than 1/2. That's also a quick way to compare fractions. 4/9 is less than 5/8.