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 less than one-sixth. It's a useful fraction to know, as it comes up 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 helpful in quick mental math, as it's easy to calculate 15% of a number by finding 10% and then adding half of that amount. Understanding these common fractions and their percentage equivalents can make many daily calculations much simpler.
