The fraction 24/98 is equal to 24.49% when converted to a percentage and rounded to two decimal places. This means that if you had 98 items and selected 24 of them, you'd have about a quarter of the total. It's a bit less than 25%, which would be exactly one-fourth.
In everyday situations, you might encounter this fraction or percentage when dealing with things like test scores, sales discounts, or statistics. For example, if 24 out of 98 students passed a difficult exam, you could say that 24.49% of the class succeeded. While it's not a common fraction you'd use in daily life, understanding how it relates to percentages can be helpful in various contexts.