The fraction 1/24 is equal to 4.17% when expressed as a percentage. This small fraction represents just over 4% of a whole, which means it's less than one-twentieth of something. It's a pretty tiny amount when you think about it.
You might come across 1/24 or 4.17% in various real-world situations. For example, it could represent the chance of rolling a specific number on a 24-sided die, or the portion of a day that equals one hour. In financial contexts, you might see this percentage used for certain types of interest rates or small discounts. While 1/24 might seem insignificant on its own, it can add up when dealing with larger quantities or repeated occurrences.
