The fraction 3/40 is equal to 7.50% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents a relatively minor portion of a whole, just slightly more than one-thirteenth. It's a fraction you might encounter in everyday situations, like calculating a small discount on a purchase or determining a low probability of an event occurring.
In practical terms, 3/40 or 7.50% could be used to describe things like the chance of rain on a mostly sunny day, the portion of a pizza that's left after a hungry group has eaten, or the amount of battery life remaining on a nearly-dead smartphone. While it's not a large percentage, it's still significant enough to be noticeable in many contexts.
