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, its percentage equivalent can be useful in various contexts. For instance, if you're looking at statistics or analyzing data, seeing 4.35% might be more intuitive than trying to visualize 1/23 of something. This percentage is slightly higher than 1/25 (4%) but noticeably lower than 1/20 (5%), giving you a quick reference point for its relative size.