Answer
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Step 1:I'll solve this step-by-step using the specified LaTeX formatting guidelines:
Step 2:: Calculate the fraction of points earned
\frac{16}{24}$$ represents the number of points earned out of total possible points
Step 3:: Simplify the fraction
\frac{16}{24} = \frac{2 \times 8}{3 \times 8} = \frac{2}{3}
Step 4:: Convert to a percentage
\frac{2}{3} \times 100\% = 66.7\%
Final Answer
16 out of 24 is equivalent to \frac{2}{3} or 66.7\% as a grade.
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