The fraction 1/97 is equal to 1.03% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents just over one one-hundredth of a whole. It's a tiny slice of the pie, so to speak, barely more than 1%.
In everyday life, you might encounter 1/97 or 1.03% in various situations. For example, if you're looking at statistics or probabilities, this could represent a rare occurrence or a very small chance of something happening. In financial contexts, it could be a minimal interest rate or a tiny portion of a larger sum. While it may seem insignificant, even small percentages like this can add up over time or when dealing with large numbers.
