The fraction 20/23 is equal to 86.96% when converted to a percentage and rounded to two decimal places. This means that if you had 23 items and took 20 of them, you'd have about 87% of the total. It's a pretty high percentage, showing that 20 is close to 23 in value.
In everyday situations, you might see this fraction or percentage used to describe things like test scores, survey results, or progress on a project. For example, if a student got 20 out of 23 questions correct on a quiz, their score would be about 87%. Or if a company completed 20 out of 23 planned tasks for the month, they'd be at roughly 87% of their goal.