The fraction 1/89 is equal to 1.12% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents just over one hundredth of a whole, making it a relatively tiny portion. It's the kind of number you might encounter in very precise measurements or calculations.
In everyday life, you probably won't come across 1/89 or 1.12% very often. However, it could show up in certain contexts like statistics, finance, or scientific data. For example, it might represent a small probability in a large dataset or a minor change in a company's stock price. While it may seem insignificant, even small percentages like this can be important in the right situations.
