The fraction 16/89 is equal to 17.98% when converted to a percentage and rounded to two decimal places. This percentage represents the portion of 16 parts out of a total of 89 parts. It's a relatively small percentage, falling below 20%, which means it's less than one-fifth of the whole.
To put this in perspective, if you had a pizza cut into 89 slices and took 16 of them, you'd have about 17.98% of the pizza. This fraction and its percentage equivalent might come up in various real-world situations, such as calculating probabilities, analyzing survey results, or determining market share in business contexts.