The fraction 4/24 is equal to 16.67% when converted to a percentage. This percentage is rounded to the nearest two decimal places for simplicity. The fraction 4/24 represents a part-to-whole relationship, where 4 is the numerator (the part) and 24 is the denominator (the whole).
In everyday life, you might encounter this fraction or percentage in various situations. For example, if 4 out of 24 students in a class wear glasses, you could say that 16.67% of the class wears glasses. Similarly, if a pizza is cut into 24 slices and you eat 4 of them, you've consumed 16.67% of the pizza. Understanding fractions and their equivalent percentages can be helpful in many real-world scenarios, from calculating discounts to interpreting statistics.