The fraction 3/60 is equal to 5.00% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents a tiny portion of a whole, just 3 parts out of 60. It's not a common fraction you'd encounter in everyday life, but it can be useful in certain situations.
To put this percentage into perspective, imagine a pizza cut into 60 slices. If you ate 3 of those slices, you'd have consumed 5% of the entire pizza. Similarly, if you had 60 marbles and gave away 3 of them, you'd be left with 95% of your original collection. This fraction and its equivalent percentage can be helpful when dealing with large numbers or precise measurements in fields like science, finance, or statistics.