Step 1:
The first step to converting 54701.23394417 to a fraction is to re-write 54701.23394417 in the form p/q where p and q are both positive integers. To start with, 54701.23394417 can be written as simply 54701.23394417/1 to technically be written as a fraction.
Step 2:
Next, we will count the number of fractional digits after the decimal point in 54701.23394417, which in this case is 8. For however many digits after the decimal point there are, we will multiply the numerator and denominator of 54701.23394417/1 each by 10 to the power of that many digits. So, in this case, we will multiply the numerator and denominator of 54701.23394417/1 each by 100000000:
Step 3:
Now the last step is to simplify the fraction (if possible) by finding similar factors and cancelling them out, which leads to the following answer for 54701.23394417 as a fraction:
218805/4 / 1