The fraction 3/24 is equal to 12.50% when converted to a percentage. This percentage is rounded to the nearest two decimal places. It's a relatively small portion, representing just over one-eighth of a whole.
In everyday life, you might encounter this fraction or percentage in various situations. For example, if 3 out of 24 students in a class wear glasses, that would be 12.50% of the class. Similarly, if you complete 3 out of 24 tasks on your to-do list, you've finished 12.50% of your work. This fraction and its equivalent percentage can be useful for understanding proportions and making quick estimations in daily activities.