The fraction 1/100 is equal to 1.00% when expressed as a percentage. This small fraction represents just one part out of a hundred, which is why it translates to such a low percentage value. It's a commonly used fraction in various contexts, from mathematics to everyday life.
You might encounter 1/100 or 1.00% in situations like calculating interest rates, measuring small quantities, or describing probabilities. For example, if you have a 1/100 chance of winning a game, it means your odds are quite slim. Similarly, a 1.00% discount on a purchase would only save you a penny for every dollar spent. While it may seem insignificant on its own, this fraction can become more meaningful when dealing with larger numbers or repeated occurrences.