The fraction 5/24 is equal to 20.83% when converted to a percentage and rounded to two decimal places. This percentage represents the portion of a whole that 5/24 represents. It's a bit less than one-quarter or 25%, which makes sense since 5 is slightly less than 6 (which would be exactly one-quarter of 24).
In everyday situations, you might encounter 5/24 or 20.83% in various contexts. For example, if a survey found that 5 out of 24 people prefer a certain product, that would be about 20.83% of the group. Or in a 24-hour day, 5 hours would represent roughly 20.83% of the total time. This fraction and its percentage equivalent can be useful for quick mental calculations when dealing with parts of a whole or comparing ratios.
