The fraction 1/24 is equal to 4.17% when expressed as a percentage. This small fraction represents just over 4 percent of a whole, which means it's less than one-twentieth of something. You might encounter 1/24 in various real-world situations, like when dealing with time (it's equivalent to one hour in a day) or in certain financial calculations.
While 4.17% might seem like a tiny amount, it can still be significant in some contexts. For example, if you're looking at interest rates or population growth, even small percentages can make a big difference over time. It's worth noting that 4.17% is rounded to the nearest two decimal places, so it's not an exact representation of 1/24, but it's close enough for most practical purposes.
