The fraction 7/48 is equal to 14.58% when converted to a percentage. This percentage is rounded to the nearest two decimal places for simplicity. The fraction represents a part-to-whole relationship, where 7 is the numerator (part) and 48 is the denominator (whole).
In everyday life, you might encounter this fraction or percentage in various situations. For example, it could represent the portion of a group that agrees with a certain opinion in a survey, 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.