The fraction 16/24 is equal to 66.67% when converted to a percentage. This means that if you have 16 out of 24 parts of something, you have about two-thirds of the whole. It's a common fraction that comes up in various everyday situations, like measuring ingredients in cooking or calculating probabilities.
To put this percentage in perspective, it's slightly more than half but not quite three-quarters. If you were to visualize it on a pie chart, it would take up a bit more than half of the circle. This fraction is often used in sports statistics, academic grading, or when discussing partial completion of tasks or projects.