The fraction 16/77 is equal to 20.78% when converted to a percentage and rounded to two decimal places. This means that if you had 77 items and selected 16 of them, you'd be choosing about one-fifth or 20% of the total. It's a bit more than 20%, but not quite 21%.
In everyday situations, you might encounter this fraction when dealing with things like test scores, survey results, or even cooking measurements. For instance, if 16 out of 77 people in a group prefer a certain option, you could say that 20.78% of the group has that preference. While it's not a common fraction like 1/4 or 1/2, understanding its percentage equivalent can be useful in various contexts.