The fraction 1/84 is equal to 1.19% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents a tiny portion of a whole, just over one percent. It's not a common fraction you'd encounter in everyday life, but it can be useful in certain calculations or statistical analyses.
To put 1.19% into perspective, imagine a large group of 100 people. If you were to select 1.19% of them, you'd end up with just over one person. In a financial context, if you had $100 and earned 1.19% interest, you'd gain only $1.19. While this percentage might seem insignificant on its own, it can add up when dealing with larger numbers or repeated calculations.
