Your neighborhood would like to raise funds to update the equipment in the neighborhood park. They hold a bake sale and raise 3/8 of the desired funds and then have a neighborhood yard sale and raise another 1/4 . What is the total fractional amount of the desired funds they have raised?
The fraction raised from the bake sale is 3/8.
The fraction raised from the yard sale is 1/4.
The total fractional amount they have raised is 3/8 + 1/4 = 6/16 + 4/16 = 10/16. Answer: \boxed{\frac{10}{16}}.