The fraction 3/40 is equal to 7.50% when converted to a percentage and rounded to the nearest two decimal places. This small fraction represents a relatively low portion of a whole, just over one-thirteenth. It's a useful figure to know for various calculations and comparisons in everyday life.
You might encounter 3/40 or 7.50% in different contexts, such as test scores, sales discounts, or statistical data. For example, if 3 out of 40 people in a survey prefer a certain product, that's 7.50% of the group. Understanding these equivalent forms can help you quickly grasp proportions and make informed decisions in various situations.