Convert the mixed number to a decimal by working with the whole number and fraction separately.<br><br>
&bull; \( 5\frac{7}{50} = 5 + \frac{7}{50} \)<br>
&bull; \( \frac{7}{50} = 7 ÷ 50 = 0.14 \)<br>
&bull; \( 5 + 0.14 = 5.14 \) (exact, no rounding needed)<br><br>
Final Answer: 5.14