The fraction 2/60 is equal to 3.33% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents a tiny portion of a whole, just over 3 parts out of 100. It's a useful figure to know in various everyday situations, like calculating discounts, understanding probabilities, or measuring small quantities.
In practical terms, 3.33% is not a very large amount. For example, if you had 60 marbles and gave away 2 of them, you'd be giving away about 3.33% of your collection. Similarly, if you got a 3.33% raise on a $1000 salary, you'd receive an extra $33.30. While it may seem small, these small percentages can add up over time or when dealing with larger numbers.