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 one-twelfth. It's a useful figure to know in various everyday situations, from calculating discounts to understanding probabilities.
In practical terms, 8/96 or 8.33% could be applied to many real-world scenarios. For example, if you're looking at a group of 96 people, 8 of them would represent this fraction. Or in a financial context, if you're earning 8.33% interest on an investment, you'd be making $8.33 for every $100 invested. Understanding these equivalent representations can help in quick mental math and decision-making in daily life.
