Per cent means "for every hundred" so if you have 1 for every 20 (one twentieth) then you have 5 for every 100...five one hundredths, or five percent.
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5%
0.0005
it is five percent of a dollar/euro. it is one twentieth of a dollar/euro
No. 1/20 is the same as 5%, not 20%. Percent means hundredths, so 20% is the same as 20/100, which simplifies to 1/5.
one twentieth as a decimal = 0.051/20:= 1 ÷ 20= 0.05 in decimal