No, it is not -8.
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It is: 3/24 = 1/8 which is 0.125 as a decimal
3 and 1/8 change to improper fraction if you do not recognize 1/8 as 0.125. (8*3+1)/8 25/8 = 3.125 -----------
equivalent decimal for 3/24 = 1/8
31/8 = 3.125
1.375