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It means a fraction that has different numbers on top and bottom
compared to the fraction in your pocket, but turns out to be worth
exactly the same amount.

Example:

  • The fraction in your pocket . . . 1/2
  • The new fraction . . . . . 396/792

These two fractions are equivalent . . . both of them actually mean exactly the same amount.

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Q: What does an equivalent fraction mean in math?
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