The fraction 5/23 is equal to 21.74% when converted to a percentage and rounded to two decimal places. This means that 5/23 represents about 21.74 parts out of 100. It's a relatively small percentage, less than a quarter of the total.
In everyday situations, you might encounter 5/23 or 21.74% in various contexts. For example, it could represent the portion of students in a class who prefer a certain subject, or the amount of battery life remaining on a device. While not a common fraction like 1/4 or 1/2, understanding 5/23 and its percentage equivalent can be useful for quick mental calculations and estimations in daily life.
