The fraction 21/86 is equal to 24.42% when converted to a percentage and rounded to two decimal places. This means that if you were to divide something into 86 parts and take 21 of those parts, you'd have about a quarter of the whole. It's a bit less than one-fourth, which would be 25%.
In everyday life, you might see this percentage used in various contexts. For example, if a survey found that 21 out of 86 people preferred a certain product, you could say that 24.42% of the group liked it. Or in a classroom of 86 students, if 21 of them got an A on a test, you'd say that 24.42% of the class aced it. This fraction and its percentage form can be useful for comparing parts to wholes in many situations.