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 calculating a simple discount or looking at statistics.
In practical terms, 5% is often used to represent one-twentieth of something. For example, if you had 60 marbles and gave away 3 of them, you'd be left with 95% of your original collection. This percentage is also commonly seen in sales tax rates, small probability calculations, or even as a benchmark for minor improvements in various fields.
