The fraction 1/95 is equal to 1.05% 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 1.05% into perspective, it's about one part out of every 95 parts. In practical terms, if you had a large group of 9,500 people, 1.05% would represent about 100 individuals. This fraction and its percentage equivalent might come up in fields like finance, where small percentages can make a big difference in large-scale transactions or investments.
