The fraction 17/85 is equal to 20.00% when converted to a percentage and rounded to the nearest two decimal places. This means that if you had a pie divided into 85 slices and took 17 of them, you'd have about 20% of the whole pie. It's a handy way to think about fractions in terms of parts per hundred.
In everyday life, you might come across this fraction or percentage in various situations. For example, if 17 out of 85 students in a school wore glasses, you could say that roughly 20% of the student body wears glasses. Or if a store offers a 20% discount on an item, it's similar to reducing the price by 17/85ths. Understanding these equivalences can be useful for quick mental math and estimations in daily activities.