The fraction 12/98 is equal to 12.24% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents the proportion of 12 parts out of a total of 98 parts. It's a relatively small percentage, indicating that 12/98 is less than one-eighth of the whole.
To put this in perspective, if you had a large pizza cut into 98 slices and took 12 of those slices, you'd have about 12.24% of the entire pizza. This fraction and its equivalent percentage might come up in various real-world situations, such as calculating probabilities, analyzing survey results, or determining the composition of a mixture.
