Converting 20% to Its Decimal and Fractional Equivalents

To solve this problem, we'll follow these steps:

• Step 1: Convert 20% to a fraction by dividing by 100.
• Step 2: Simplify the resulting fraction, if necessary.

Now, let's work through each step:
Step 1: Convert 20% to a fraction:
The percentage 20% can be written as $\frac{20}{100}$.

Step 2: Simplify the fraction:
To simplify $\frac{20}{100}$, we find the greatest common divisor of 20 and 100, which is 20.
Divide both the numerator and the denominator by 20:
$\frac{20 \div 20}{100 \div 20} = \frac{1}{5}$.

Therefore, the fraction equivalent to 20% is $\frac{1}{5}$.

Thus, the correct answer is choice 2: $\frac{1}{5}$.