To find the total fractional amount of the desired funds raised, you can combine the two fractional parts raised:
- First, you have raised \( \frac{3}{8} \) of the desired funds.
- Then, you raised an additional \( \frac{1}{4} \) of the desired funds.
To add these fractions, you need a common denominator. The denominators here are 8 and 4. The least common denominator (LCD) is 8.
Now, convert \( \frac{1}{4} \) to a fraction with a denominator of 8:
\[ \frac{1}{4} = \frac{2}{8} \]
Now you can add the two fractions:
\[ \frac{3}{8} + \frac{2}{8} = \frac{5}{8} \]
So, the total fractional amount of the desired funds that have been raised is \( \frac{5}{8} \).