2/62 as a percentage is 3.23%. This small number shows how a tiny part of a whole can be expressed in everyday language. When you see 3.23%, you know it’s just a little bit over three out of every hundred.
The fraction 2/62 can be simplified to 1/31, which still represents the same amount. Whether you write it as a fraction or a percentage, the value stays the same; it’s just a different way of looking at the same piece of a whole.
Understanding both forms helps when you compare numbers. For example, a 3.23% discount is the same as taking away 2 parts out of 62, so you can quickly see how small the change is without doing the math each time.