The fraction 1/96 is equal to 1.04% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents just over one hundredth of a whole. It's a tiny slice of the pie, barely more than 1%.
To put this in perspective, if you had a pizza cut into 96 equal slices, one of those slices would represent 1/96 of the whole pizza. In terms of money, if you had $100 and gave away $1.04, you'd be left with 95/96 of your original amount. While 1/96 might seem insignificant on its own, it can add up when dealing with larger quantities or repeated occurrences.
