Answer :
The answer is 8/25! This is because 32% is equal to 32/100, when you simplify this it equals 8/25.
We have been given that the company spent 32% of its annual budget developing a new machine.
Let us convert the percentage to fraction.
[tex]32 \%=\frac{32}{100} \\ \\ 32 \%=\frac{4\times 8}{4\times 25}\\ \\ \text{Cancel 4 from numerator and denominator}\\ \\ 32 \%=\frac{8}{25}[/tex]
Thus, when we convert 32% to fraction that will be equal to 8/25.
Hence, [tex]\frac{8}{25}[/tex] company's budget was spent developing the new machine.