The fraction 29/60 is equal to 48.33% when converted to a percentage and rounded to two decimal places. This means that if you had 60 equal parts of something and took 29 of those parts, you'd have about 48.33% of the whole. It's a bit less than half, but pretty close.
In everyday life, you might see this fraction or percentage used in various situations. For example, if 29 out of 60 students in a class passed a test, you could say that 48.33% of the class passed. Or if you completed 29 out of 60 tasks on your to-do list, you'd be 48.33% done with your list. It's a handy way to express parts of a whole in a format that's easy to understand and compare.