The fraction 2/98 is equal to 2.04% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents just over 2 parts out of every 100. It's a relatively low value, indicating that 2/98 is quite close to zero when compared to the whole.
To put this in perspective, if you had a group of 98 people and needed to select 2 of them, you'd be choosing about 2.04% of the group. Similarly, if you had $98 and spent $2, you'd be using up 2.04% of your money. This percentage is often encountered in various real-world scenarios, from statistics to financial calculations, where small fractions need to be expressed as parts per hundred.
