Final answer:
Frankie found a quarter dollar, which is 1/4 of a dollar. Equivalent fractions to 1/4 include 2/8 and 3/12, showing the same value in a different form.
Step-by-step explanation:
A quarter dollar is 1/4 of a dollar because there are four quarters in a dollar.
To find equivalent fractions, we can multiply the numerator and the denominator of the fraction by the same number.
For example, multiplying both by 2 gives us 2/8, which is equivalent to 1/4. Similarly, multiplying both by 3 gives us 3/12, which is another equivalent fraction of 1/4.
Equivalent fractions are valuable in understanding portions of amounts in different contexts, including money and measurements.
It's also important to note that a quarter dollar is the same as 25 cents, providing another way to understand the fraction in terms of pennies.