The fraction 8/96 is equal to 8.33% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents a relatively minor portion of a whole, just over 8 parts out of 100. It's a useful figure to know in various everyday situations, from calculating discounts to understanding probabilities.
In practical terms, 8.33% is roughly equivalent to 1/12 or about one-twelfth of something. This can be helpful when thinking about time (like 5 minutes out of an hour) or dividing things into equal parts. While it may seem like a small amount, in certain contexts, such as interest rates or population statistics, even a percentage this size can have significant implications.
