A fraction is usually split into two parts: the first part is the number on top, called the numerator; and the second part is the number on the bottom, called the denominator. These are both separated by a line called the “divisor line”. We can use the division method help to solve this question: to get a decimal, simply divide the numerator 74 by the denominator 50 (which you can enter in any calculator):
74 (numerator) ÷ 50 (denominator) = 1.48
And finally, you get 1.48 as your answer when you convert 1 24/50 (or 74/50) to a decimal.