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 a tiny portion of a whole, less than one-fiftieth. It's the kind of number you might see in very precise measurements or calculations where even small amounts matter.
In everyday life, you probably won't come across 2.04% very often. It's much more common to see whole percentages or those rounded to the nearest percent. However, in fields like finance, science, or statistics, this level of precision can be important. For example, a 2.04% interest rate on a loan or a 2.04% concentration of a chemical in a solution might make a significant difference in certain situations.
