The fraction 16/23 is equal to 69.57% when converted to a percentage and rounded to two decimal places. This means that if you had 23 equal parts of something and took 16 of those parts, you'd have about 69.57% of the whole. It's a bit more than two-thirds, which would be about 66.67%.
In everyday life, you might see this fraction or percentage used in various situations. For example, if 16 out of 23 students in a class passed a test, you could say that 69.57% of the class passed. Or if a sports team won 16 games out of a 23-game season, their winning percentage would be 69.57%. This percentage is pretty good in many contexts, showing a clear majority or a strong performance.
