The fraction 21/50 is equal to 42.00% when converted to a percentage and rounded to the nearest two decimal places. This means that 21 out of 50 parts represents 42% of the whole. It's a bit less than half, which would be 25/50 or 50%.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 21 out of 50 students in a class passed a test, you could say that 42.00% of the class passed. Or if you completed 21 out of 50 tasks on your to-do list, you'd have finished 42.00% of your work. Understanding these equivalent representations can be helpful in quickly grasping proportions and making comparisons.