Error on line 5?

name = input("What is your name? ")
age = input("How old are you? ")
grade = input("What is your grade average, in decimal form? ")
grade = float(grade)
print("Your name is {}, you are {} years old, and you have a grade point average of {:.%5,2}".format(name, age, grade * 100))

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error; untitled-1.py,  line 5, in <module>
  print("Your name is {}, you are {} years old, and you have a grade point average of {:.%5,2}".format(name, age, grade * 100))

What am I doing wrong?