The fraction 24/50 is equal to 48.00% when converted to a percentage and rounded to two decimal places. This means that 24 out of 50 parts represent just under half of the total. It's a common fraction that comes up in various real-world situations, from test scores to survey results.
When dealing with 24/50, it's helpful to think of it in terms of 100 instead of 50. This makes it easier to visualize the percentage. For example, if you doubled both the numerator and denominator, you'd get 48/100, which clearly shows why the percentage is 48%. This fraction and its percentage equivalent are useful for quick mental math and estimations in everyday life.