The fraction 1/90 is equal to 1.11% 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 not a common fraction you'd encounter in everyday life, but it can be useful in certain calculations or statistical analyses.
To put 1.11% into perspective, it's about one out of every 90 items or occurrences. For example, if you had a bag of 900 marbles and 10 of them were red, the red marbles would make up 1.11% of the total. This percentage is often used in fields like finance, where small changes can have significant impacts, or in scientific studies where precise measurements are crucial.