The fraction 17/40 is equal to 42.50% when converted to a percentage and rounded to the nearest two decimal places. This means that if you had 40 equal parts of something and took 17 of those parts, you'd have 42.50% of the whole. It's a bit less than half, which would be 50%.
In everyday life, you might come across this fraction in various situations. For example, if 17 out of 40 students in a class wore glasses, you could say that 42.50% of the class wears glasses. Or if you completed 17 out of 40 tasks on your to-do list, you'd have finished 42.50% of your work. Understanding fractions and their percentage equivalents can be helpful in many real-world scenarios.