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 relatively small portion of a whole, just slightly less than one-sixth. It's a common fraction that might come up in everyday situations, like calculating discounts or comparing parts of a group.
In practical terms, 3/20 or 15% could represent things like a modest price reduction on a product, the proportion of people in a small survey who prefer a certain option, or the amount of battery life remaining on a device. While it's not a huge percentage, it's still a noticeable amount that can make a difference in various contexts.
