The fraction 2/23 is equal to 8.70% when converted to a percentage and rounded to two decimal places. This small percentage represents about 1/11 of a whole, which is less than one-tenth. It's a relatively uncommon fraction that doesn't come up often in everyday life.
In practical terms, 2/23 or 8.70% could be used to describe things like a small portion of a group, a low probability of an event occurring, or a minor increase in a value. For example, if 2 out of 23 students in a class wear glasses, you could say that 8.70% of the class wears glasses. This fraction and its percentage equivalent are useful for expressing precise measurements or calculations in various fields such as statistics, finance, or science.