The fraction 15/16 is equal to 93.75% when converted to a percentage. This means that if you have 15 out of 16 parts of something, you have 93.75% of the whole. It's a very high percentage, just shy of 100%, which represents having all 16 parts.
In everyday life, you might encounter 15/16 or 93.75% in various situations. For example, if you completed 15 out of 16 tasks on your to-do list, you'd be 93.75% done with your work. Or if a pizza was cut into 16 slices and you ate 15 of them, you'd have consumed 93.75% of the pizza. This fraction and percentage are useful for expressing amounts that are close to, but not quite, the whole of something.