The fraction 14/48 is equal to 29.17% when converted to a percentage and rounded to two decimal places. This percentage represents the portion of 48 that 14 makes up. It's a bit less than one-third, which would be 33.33%.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 14 out of 48 students in a class wore glasses, you could say that 29.17% of the class wears glasses. Or if a recipe calls for 14/48 cup of an ingredient, you'd be using just over a quarter of a cup. Understanding these equivalences can be helpful in many real-world applications.