Determining the percentage equivalent of a fraction involves converting the fraction to a decimal and then multiplying by 100. In the case of 18/24, the initial step is to divide 18 by 24, which results in 0.75. Subsequently, multiplying 0.75 by 100 yields 75. Therefore, the fractional value of 18/24 is equivalent to 75%. This process is fundamental in various mathematical and practical applications.
The ability to transform fractions into percentages is valuable for comparison, analysis, and communication across diverse fields. In finance, it facilitates the understanding of proportions like investment returns or market shares. In statistics, it aids in interpreting data distributions and survey results. Historically, the concept of percentages emerged to simplify the comparison of different quantities, offering a standardized method for expressing proportions relative to a whole.
