The fraction 2/71 is equal to 2.82% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents just a tiny portion of a whole, less than 3%. To put it in perspective, if you had a pizza cut into 71 slices and took only 2 of them, you'd have about 2.82% of the entire pizza.
In everyday life, you might encounter percentages like this when dealing with things like interest rates on savings accounts or small discounts on purchases. While 2.82% may seem insignificant, it can add up over time or when applied to large numbers. For example, 2.82% of a million dollars is still $28,200, which is a substantial amount of money for most people.
