The equivalent fraction to the decimal 0.27 is 27/100. Since no number greater than one divides evenly into both 27 and 100, this fraction is in its lowest terms.

Numbers that appear to the right of a decimal point are known as decimal fractions and have a value less than one. The first place to the right of a decimal point is the tenths' place, followed by the hundredths' place, the thousandths' place, the ten thousandths' place and the hundred thousandths' place. The places continue on into infinity. In the decimal fraction 0.27, the two is in the tenths' place and the seven is in the hundredths' place.