The fraction 16/95 is equal to 16.84% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents the portion of 16 parts out of a total of 95 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 large pizza cut into 95 slices and took 16 of those slices, you'd have about 16.84% of the entire pizza. This fraction and its equivalent percentage might come up in various real-world situations, such as calculating probabilities, expressing test scores, or determining the composition of a mixture.