The fraction 24/37 is equal to 64.86% when converted to a percentage and rounded to two decimal places. This means that if you were to divide something into 37 parts and take 24 of those parts, you'd have about 65% of the whole. It's a bit more than half but not quite two-thirds.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 24 out of 37 students in a class passed a test, you could say that 64.86% of the class succeeded. Or if a sale offers 24/37 off the original price, customers would be getting a discount of nearly 65%. Understanding these equivalences can be helpful in quickly estimating proportions or discounts without needing a calculator.