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, it could represent a small portion of an hour (5 minutes), a low probability in statistics, or a modest discount on a purchase. Understanding these equivalent representations can be helpful in making quick calculations or comparisons in daily activities.