The fraction 14/24 is equal to 58.33% when converted to a percentage and rounded to the nearest two decimal places. This means that if you had 24 items and took 14 of them, you'd have about 58% of the total. It's a bit more than half, but not quite as much as three-fifths.
In everyday life, you might come across this fraction in various situations. For example, if 14 out of 24 students in a class passed a test, you could say that 58.33% of the class succeeded. Or if you completed 14 pages of a 24-page report, you'd be about 58% done with your work. Understanding fractions and their percentage equivalents can be helpful in many real-world scenarios.