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1/4 of an inch = 0.25 of an inch as a decimal
They are equivalent. A quarter, or 1/4 is an equivalent fraction to 25/100 and that is just another way of expressing 0.25
A binary decimal is another term for a bicimal, a decimal in base 2. The first digit after a radix point will be equivalent to a half, the second digit equivalent to a quarter, and so on.
To write seven and three-quarter million in figures, you would write it as 7.75 million. This is because three-quarters is equivalent to 0.75 when converted to a decimal. Therefore, you add 7 (whole number) with 0.75 (decimal equivalent of three-quarters) to get 7.75 million.
0.25