The fraction 12/29 is equal to 41.38% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents the portion of 29 that 12 takes up. It's a bit less than half, which makes sense since 12 is a little less than half of 29.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 12 out of 29 students in a class wear glasses, you could say that 41.38% of the class wears glasses. Or if you completed 12 out of 29 tasks on your to-do list, you've finished 41.38% of your work. This percentage gives a clearer picture of the proportion compared to the original fraction.