The fraction 1/64 is equal to 1.56% when converted to a percentage and rounded to the nearest two decimal places. This small fraction represents just over one and a half percent of a whole. It's a tiny slice of the pie, so to speak, but it still has its place in mathematics and real-world applications.
You might encounter 1/64 or 1.56% in various situations. For example, it could represent a small probability in statistics, a minor adjustment in engineering calculations, or a slight increase in a financial context. While it may seem insignificant at first glance, even small percentages can add up over time or when dealing with large numbers.