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I believe pi is an irrational number and can not be expressed as a fraction.
My calculator gives a value 3.14----
I guess you could use 3 14/100=314/100=157/50 close but no cigar!
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I mean thats the standard version.
It's a reasonable estimate for many uses but is not exact; as radar said, pi is irrational and cannot be expressed (exactly) as a fraction.
Well not exactly, but it works dandy with circles.
Pi is an irrational number and cannot be expressed as a fraction, however there have been fractional approximations of Pi who have been discovered by various mathematicians, they include:
22/7 (The most common)
223/71 (correct upto two decimal places)
339/108 (which is also approximately correct up to two decimal places if rounded off)
62832/20000 ( a really approximate fraction)
and there might be others too, which i might not be aware of, or studied yet.