The fraction 16/99 is equal to 16.16% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents a relatively small portion of a whole, just over one-sixth. It's a bit more than 16% but not quite as much as 17%.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 16 out of 99 people in a survey preferred a certain product, that would be about 16.16% of the group. Or if a store offered a 16.16% discount on an item, you'd save just over $16 for every $100 spent. While not a common fraction in daily life, understanding its percentage equivalent can be useful for quick mental calculations and comparisons.