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 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 measurements.
To put 1.04% into perspective, imagine a pizza cut into 96 equal slices. One of those slices would represent 1/96 of the whole pizza. While it might not seem like much, every slice counts when you're sharing with a large group. In other contexts, such as in finance or statistics, this percentage could represent a small but potentially significant change or portion of a larger whole.
