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\frac{1.88}{1-0.02}
Multiply 94 and 0.02 to get 1.88.
\frac{1.88}{0.98}
Subtract 0.02 from 1 to get 0.98.
\frac{188}{98}
Expand \frac{1.88}{0.98} by multiplying both numerator and the denominator by 100.
\frac{94}{49}
Reduce the fraction \frac{188}{98} to lowest terms by extracting and canceling out 2.