The fraction 3/55 is equal to 5.45% when converted to a percentage and rounded to two decimal places. This small percentage represents just over 5 out of every 100 parts, or about 1 out of every 18 parts. While it may seem like a tiny amount, it can still be significant in certain contexts.
In real-world applications, 3/55 or 5.45% might be encountered in various situations. For example, it could represent a small probability in statistics, a modest interest rate on a savings account, or a minor increase in a company's sales figures. Despite its small value, understanding and working with fractions and percentages like this is important for many everyday calculations and decision-making processes.
