The fraction 16/81 is equal to 19.75% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents the portion of a whole that 16/81 represents. It's a bit less than one-fifth or 20% of the total.
To put this in perspective, if you had 81 items and took away 16 of them, you'd be left with about 80.25% of the original amount. This fraction and percentage could be useful in various real-world situations, like calculating discounts, measuring progress, or determining partial quantities in recipes or construction projects.