The fraction 2/40 is equal to 5.00% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents a relatively minor portion of a whole, just one-twentieth or 5 out of every 100 parts. It's a useful fraction to know in various everyday situations, like calculating discounts or understanding probabilities.
In practical terms, 2/40 or 5% is often encountered in fields like finance, statistics, and even in daily life. For example, a 5% sales tax on a purchase, a 5% chance of rain in a weather forecast, or a 5% increase in a company's annual revenue. While it may seem like a small amount, in certain contexts, a 5% difference can be quite significant, especially when dealing with large numbers or important decisions.
