The fraction 1/50 is equal to 2.00% when expressed as a percentage. This small fraction represents one part out of fifty equal parts of a whole. It's a commonly used fraction in various contexts, from calculating discounts to expressing probabilities.
In everyday life, you might encounter 1/50 or 2% in different situations. For example, a 2% sales tax on a purchase, a 1 in 50 chance of winning a raffle, or a 2% annual interest rate on a savings account. While it may seem like a small amount, it can add up quickly when dealing with larger numbers or repeated occurrences.
