Convert $12.5\%$ to both a fraction in simplest form and its decimal equivalent.

• A. $\frac{1}{8}$ and $0.125$
• B. $\frac{1}{8}$ and $0.0125$
• C. $\frac{1}{4}$ and $0.125$
• D. $\frac{1}{4}$ and $1.25$

Answer: (A)