The fraction 16/55 is equal to 29.09% when converted to a percentage and rounded to two decimal places. This means that if you had 55 items and selected 16 of them, you'd have chosen about 29% of the total. It's a bit less than one-third, which would be around 33%.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 16 out of 55 students in a class wore glasses, you could say that 29.09% of the class wears glasses. Or if a store sold 16 out of 55 available products in a day, they could report that they sold about 29% of their inventory. Understanding these equivalents can be helpful for quick mental math and estimations in daily life.