The fraction 24/96 is equal to 25.00% when converted to a percentage and rounded to two decimal places. This means that 24 out of 96 parts represents one quarter or 25% of the whole. It's a common fraction that comes up in various everyday situations and calculations.
In practical terms, 24/96 or 25% is often used to express ratios, probabilities, or portions of a whole. For example, if 24 out of 96 students in a school wear glasses, we could say that 25% of the student body wears glasses. This fraction and its percentage equivalent are useful for quick mental math and estimations in daily life.