It is three fourteenths.
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1/4 times 3/8 = 3/32
3.75 (or 3 6/8 = 3 3/4)
3 and 1 seventh :)
7 sevenths
9/7 x 1/4 = 9/28 or nine twenty-eighths. Expressed as a decimal, this is equal to 0.32142857 recurring (that is, 0.32142857142857...)