The fraction 16/72 is equal to 22.22% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents the portion of 72 that 16 makes up. It's a way to express the fraction as parts per hundred, which can be easier to understand in some contexts.
When we think about 16/72 as a percentage, we can imagine it as about 22 out of every 100 parts. This can be useful in various real-world situations, such as calculating probabilities, understanding survey results, or figuring out discounts. The percentage form of fractions like 16/72 helps us compare different proportions more easily, especially when dealing with numbers that have different denominators.