The fraction 1/20 is equal to 5.00% when expressed as a percentage (rounded to two decimal places). This small fraction represents one part out of twenty equal parts of a whole. It's a commonly encountered fraction in various everyday situations, from cooking measurements to financial calculations.
In practical terms, 1/20 or 5% is often used to describe small portions or percentages. For instance, it could represent a modest discount on a purchase, a small increase in a statistic, or a tiny slice of a pie chart. While it may seem like a small amount, in certain contexts, such as large-scale financial transactions or population statistics, even 5% can signify a significant quantity or change.
