The fraction 5/60 is equal to 8.33% when converted to a percentage. This percentage is rounded to the nearest two decimal places for simplicity. Fractions and percentages are different ways of expressing the same value, with percentages often being easier to understand at a glance.
In everyday life, you might encounter 5/60 or 8.33% in various situations. For example, if you completed 5 out of 60 tasks on your to-do list, you'd have finished about 8.33% of your work. Similarly, if a store offers a small discount of 5/60 off the original price, you'd be saving approximately 8.33% on your purchase. Understanding these equivalent representations can help you quickly grasp proportions and make informed decisions.
