The fraction 24/40 is equal to 60.00% when converted to a percentage and rounded to two decimal places. This means that 24 out of 40 parts represent 60% of the whole. It's a common fraction that comes up in various real-world situations, from test scores to statistical data.
Understanding percentages like this can be helpful in everyday life. For example, if you scored 24 out of 40 on a quiz, you'd know you got 60% correct. This fraction is also equivalent to other simplified forms, such as 3/5 or 0.6 in decimal form. Whether you're dealing with finances, academics, or just general math problems, being familiar with fractions and their percentage equivalents can be quite useful.