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 equal parts of something and took 20 of those parts, you'd have about 87% of the whole. It's a pretty high percentage, showing that 20/23 represents a large portion of a whole.
In everyday life, you might see this fraction or percentage used in various situations. For example, if 20 out of 23 students in a class passed a test, you could say that 86.96% of the class succeeded. Or if a basketball player made 20 out of 23 free throws in a game, their free throw percentage for that game would be 86.96%. This percentage is close to 90%, which is often considered a very good or excellent score in many contexts.