The fraction 16/72 is equal to 22.22% when converted to a percentage and rounded to two decimal places. This means that 16 out of 72 parts represents about 22% of the whole. It's a fairly small percentage, less than a quarter of the total.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 16 out of 72 students in a class got an A on a test, you could say that 22.22% of the class aced the exam. Or if you completed 16 out of 72 tasks on your to-do list, you'd have finished about 22% of your work. This fraction and its equivalent percentage can be useful for understanding proportions and parts of a whole in many real-world scenarios.