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 jellybeans and gave away just one, you'd be left with 97/98 of the original amount. That one jellybean you gave away? That's 1/98 of the total, or about 1.02%. It's not much, but it's still something. In real-world scenarios, this percentage might come up in very precise measurements or calculations where even small fractions matter.
