Step 1: Identify the number of decimal places

The decimal 1.031 has 3 decimal places.

Step 2: Multiply by the appropriate power of 10

Multiply by 10³ = 1000 to eliminate the decimal point.

1.031 × 1000 = 1031

Step 3: Write as a fraction

Step 4: Simplify the fraction

Find the greatest common divisor (GCD) of 1031 and 1000.

GCD(1031, 1000) = 1

Divide both the numerator and denominator by the GCD: