The fraction 22/23 is equal to 95.65% when converted to a percentage and rounded to two decimal places. This means that 22/23 represents a very large portion of a whole, just slightly less than 100%. It's a close approximation to a complete unit, with only about 4.35% missing.
In practical terms, 22/23 or 95.65% could be used to describe situations where something is nearly complete or almost entirely present. For example, it might represent a test score, the portion of a task finished, or the amount of a container that's full. This fraction and percentage are useful for expressing high levels of completion or presence, while acknowledging that a small part is still lacking.