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-hundredth of a whole. It's a tiny slice of the pie, so to speak, making up only about one part out of every 97.
In everyday life, you might encounter 1/97 or 1.03% in various situations. For example, it could represent the chance of a rare event happening or a very small portion of a larger quantity. While it may seem insignificant, even small percentages like this can be important in certain contexts, such as in scientific measurements or financial calculations where precision matters.
