The fraction 16/24 is equal to 66.67% when converted to a percentage and rounded to two decimal places. This means that 16 out of 24 parts represent about two-thirds of the whole. It's a common fraction that comes up in various real-world situations, from measuring ingredients in cooking to calculating probabilities in statistics.
Understanding percentages like 66.67% can be helpful in many everyday scenarios. For example, if you're looking at a progress bar that's filled to 16/24, you'd know it's about two-thirds complete. Or if you're considering a sale where 16 out of 24 items are discounted, you'd realize that roughly 67% of the items are on sale. Knowing these equivalent forms of fractions, decimals, and percentages can make quick mental math easier in daily life.
