That already is a fraction.
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fraction for one and one half = 1 1/2
Expressed as a proper fraction in its simplest form, by dividing the numerator and denominator by 31, 31/62 is equal to 1/2 or one half.
1/2 = Half in fraction terms. -Liam
62% as a reduced fraction is: 31/50
half of one half is one fourth or 1/4.