The fraction 17/24 is equal to 70.83% when converted to a percentage and rounded to two decimal places. This means that if you had 24 equal parts of something and took 17 of those parts, you'd have about 71% of the whole. It's a bit more than two-thirds but not quite three-quarters of the total.
In everyday life, you might come across this fraction in various situations. For example, if 17 out of 24 students in a class passed a test, you could say that 70.83% of the class succeeded. Or if you completed 17 pages of a 24-page report, you'd be roughly 71% done with your work. Understanding fractions and their percentage equivalents can be helpful in many real-world scenarios.