The fraction 14/23 is equal to 60.87% when converted to a percentage and rounded to two decimal places. This means that if you had 23 equal parts of something and took 14 of those parts, you'd have about 61% of the whole. It's a bit more than half, but not quite two-thirds.
In everyday life, you might see this fraction or percentage used in various situations. For example, if 14 out of 23 students in a class passed a test, you could say that 60.87% of the class succeeded. Or if a sports team won 14 games out of a 23-game season, their winning percentage would be about 61%. Understanding these equivalents can help make sense of data and statistics we encounter in daily life.