The fraction 24/49 is equal to 48.98% when converted to a percentage and rounded to two decimal places. This means that if you had 49 equal parts of something and took 24 of those parts, you'd have about 49% of the whole. It's a little less than half, but pretty close.
In everyday situations, you might see this fraction pop up in things like test scores or statistics. For example, if someone answered 24 questions correctly out of 49 total questions on a quiz, they'd have scored about 49%. While it's not a perfect half, it's close enough that you could think of it as "nearly half" in most cases.