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 a tiny portion of a whole, just over one-hundredth. It's the kind of number you might encounter in statistics or probability calculations, where small fractions can have significant meaning.
In everyday life, you probably won't come across 1/89 or 1.12% very often. However, it's still useful to understand these small values. They could show up in things like interest rates on savings accounts, the chance of winning certain lottery games, or even in scientific measurements. While 1.12% might seem insignificant, in some contexts it can make a big difference, especially when dealing with large numbers or important decisions.
