The fraction 5/24 is equal to 20.83% when converted to a percentage and rounded to two decimal places. This means that 5/24 represents about one-fifth or 20% of a whole. It's a relatively small fraction, less than one-quarter but more than one-sixth.
In everyday life, you might encounter 5/24 or 20.83% in various situations. For example, it could represent the portion of a day spent sleeping if someone sleeps for 5 hours. Or it might be the percentage of correct answers needed to pass a very easy test. While not a common fraction like 1/2 or 1/4, understanding 5/24 and its percentage equivalent can be useful in certain calculations or comparisons.
