The fraction 16/48 is equal to 33.33% when converted to a percentage and rounded to the nearest two decimal places. This means that 16 out of 48 parts represent about one-third of the whole. It's a common fraction that comes up in various everyday situations, from cooking measurements to basic probability calculations.
Understanding percentages like this can be helpful in many areas of life. For example, if you're looking at test scores or sales figures, knowing that 16 out of 48 correct answers or successful sales equals roughly 33% can give you a quick sense of performance. It's also useful in financial contexts, where you might need to calculate discounts or interest rates based on similar fractions.