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To find the percentage equivalent to a fraction, you need to divide the numerator (the top number) of the fraction by the denominator (the bottom number) and then multiply by 100.
In this case, Elizabeth read 19/20 of her book. To find the percentage equivalent, divide 19 by 20 and then multiply by 100:
(19/20) * 100 = 95%
Therefore, the correct answer is B. 95%