The fraction 16/74 is equal to 21.62% when converted to a percentage and rounded to two decimal places. This means that if you had 74 items and selected 16 of them, you'd be choosing about 21.62% of the total. It's a relatively small percentage, representing less than a quarter of the whole.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 16 out of 74 students in a class wore glasses, you could say that 21.62% of the class wears glasses. Or if 16 out of 74 days in a period were rainy, you could describe it as 21.62% of the days having rain. This fraction and its equivalent percentage can be useful for comparing parts to wholes in many different scenarios.