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 your original amount. The single jellybean you gave away would represent 1/98 of the total, or about 1.02%. This fraction and percentage come up in various real-world situations, from calculating small discounts to measuring minute changes in scientific experiments.
