The fraction 16/87 is equal to 18.39% when converted to a percentage and rounded to two decimal places. This percentage represents the portion of 16 parts out of a total of 87 parts. It's a relatively small percentage, less than one-fifth of the whole.
To put this in perspective, if you had a large pizza cut into 87 slices and took 16 of those slices, you'd have about 18.39% of the pizza. This fraction and its equivalent percentage might come up in various real-world situations, such as calculating probabilities, analyzing survey results, or determining portions in recipes.