The fraction 3/20 is equal to 15.00% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents a small portion of a whole, just slightly more than one-seventh. It's a useful fraction to know in various everyday situations, like calculating discounts or understanding probabilities.
In practical terms, 3/20 or 15% is often encountered in fields like finance, statistics, and even cooking. For example, a 15% tip on a restaurant bill is close to this fraction. It's also a common benchmark in some academic grading systems. Understanding this fraction and its percentage equivalent can help in quick mental math and estimations in daily life.
