The fraction 1/57 is equal to 1.75% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents a tiny portion of a whole, just shy of 2%. It's not a common fraction you'd encounter in everyday life, but it can pop up in certain calculations or statistics.
To put 1/57 into perspective, imagine a large group of 57 people. If you were to select just one person from that group, they would represent about 1.75% of the entire crowd. This fraction could also be useful in fields like finance or data analysis, where small percentages can sometimes make a big difference in overall results.