The fraction 1/28 is equal to 3.57% when converted to a percentage and rounded to two decimal places. This small percentage represents just over one twenty-eighth of a whole, which isn't a very large portion. It's a bit more than 3.5% but not quite 4%.
In everyday life, you might encounter 1/28 or 3.57% in various situations. For example, it could represent the chance of an unlikely event happening, a small discount on a purchase, or a tiny slice of a pie chart. While it's not a huge amount, it's still significant enough to be noticeable in certain contexts.