1/60 = ≈1.67%
Rounded to 2 decimal places.
The fraction 1/60 represents a very small share of a whole: about 1.67%. It can show up in everyday life when describing a rare chance, a small service fee, or one minute out of an hour.
To picture it quickly, imagine a chocolate bar split into 60 equal pieces and focus on just one piece. Since 1% is one out of 100, 1/60 is a little more than 1%, but still much less than 2%.
A common mistake is to treat 1/60 as if it were 1/6, which is ten times larger. It can also be confusing because 1.67% sounds close to 2%, but the difference matters when the total amount is large.
