The fraction 2/74 is equal to 2.70% when converted to a percentage and rounded to two decimal places. This small percentage represents just a tiny portion of a whole, less than 3%. To visualize it, imagine a large pizza cut into 74 slices - 2/74 would be only 2 of those slices.
In everyday life, you might encounter percentages like this when dealing with things like interest rates, small discounts, or minor changes in statistics. For example, a 2.70% increase in the price of gas would be a relatively small bump at the pump. Similarly, if a company's stock price went up by 2.70%, it would be considered a modest gain for investors.
