The fraction 1/90 is equal to 1.11% when converted to a percentage and rounded to two decimal places. This small percentage represents a tiny portion of a whole, just over one hundredth. It's not a common fraction you'd encounter in everyday life, but it can pop up in certain calculations or statistics.
To put 1.11% into perspective, imagine a pizza cut into 90 slices. Taking just one of those slices would give you 1/90 of the pizza, or about 1.11% of the whole pie. Similarly, if you had a group of 90 people and picked one at random, that person would represent 1.11% of the entire group. While it's a small fraction, it can still be significant in the right context, like in financial calculations or scientific measurements.