Convert 16% to Its Decimal and Fraction Equivalents

To solve this problem, we will convert the percentage 16% into a fraction:

Step 1: Recognize that percentages are out of 100. Thus, 16% is equal to $\frac{16}{100}$.

Step 2: Simplify the fraction $\frac{16}{100}$ to its lowest terms. To do this, find the greatest common divisor (GCD) of 16 and 100.

The GCD of 16 and 100 is 4.

Step 3: Divide both the numerator and the denominator by the GCD:

$\frac{16 \div 4}{100 \div 4} = \frac{4}{25}$

Thus, the fraction equivalent of 16% is $\frac{4}{25}$.

Therefore, the correct choice from the options provided is $\frac{4}{25}$, which corresponds to choice (3).