The fraction 1/23 is equal to 4.35% when converted to a percentage and rounded to two decimal places. This small percentage represents just a tiny slice of a whole, less than one-twentieth. It's not a common fraction you'd encounter in everyday life, but it does pop up in certain calculations or probability scenarios.
While 1/23 might seem like an odd fraction, it can be useful in specific contexts. For example, if you're dividing something into 23 equal parts, each part would represent about 4.35% of the total. This could apply to sharing resources, calculating odds, or even in certain scientific or mathematical applications where precise divisions are needed.