The fraction 1/98 is equal to 1.02% 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 98 items and took just one away, you'd be left with 1/98 of the original amount missing. This could apply to various real-world scenarios, like having a 1.02% chance of winning a raffle or experiencing a 1.02% increase in sales. While it may seem insignificant, even small percentages can make a difference in certain contexts.
