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 statistics where even small changes matter.
In everyday life, you probably won't come across 2.04% very often. It's much more common to see whole percentages or fractions with smaller denominators. However, in fields like finance, science, or data analysis, these precise percentages can be crucial. For example, a 2.04% interest rate on a loan or a 2.04% increase in a company's stock price could be significant in the right context.
