The fraction 7/24 is equal to 29.17% when converted to a percentage. This percentage is rounded to the nearest two decimal places. The fraction represents a part-to-whole relationship, where 7 is the numerator (part) and 24 is the denominator (whole).
In everyday life, you might encounter 7/24 or 29.17% in various situations. For example, it could represent the portion of a day spent sleeping, the success rate of a particular strategy, or the amount of a product remaining in stock. Understanding fractions and their percentage equivalents can be helpful in making quick estimations and comparisons in daily activities.