The fraction 14/64 is equal to 21.88% when converted to a percentage and rounded to two decimal places. This percentage represents the portion of a whole that 14/64 represents. It's a way to express the fraction as parts per hundred, making it easier to understand and compare with other values.
In everyday situations, you might encounter 21.88% in various contexts. For example, if a store offers a 21.88% discount on an item, you'd be paying about 4/5 of the original price. Or if 21.88% of students in a class wear glasses, that's roughly 1 out of every 5 students. Understanding percentages like this can help in making quick estimates and comparisons in daily life.