A fraction represents a part of a whole or a ratio of two integers. It has a numerator (top number) and a denominator (bottom number). For example, 3/4 means 3 parts out of 4 equal parts.
Decimals use place value to show parts of a whole to the right of the decimal point. Each place is a power of 10: tenths (0.1), hundredths (0.01), thousandths (0.001), and so on.