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 a fraction you might encounter in everyday situations, like when calculating a simple discount or looking at statistics.
To put this percentage into perspective, it's equivalent to 1 in 20 or half of 10%. You might see 5% used in various contexts, such as a small sales tax, a modest grade curve in school, or a minor increase in a product's price. While 5% may seem insignificant on its own, it can add up quickly when dealing with larger numbers or multiple instances.
