The fraction 29/87 is equal to 33.33% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents how much of the whole (87) is taken up by the part (29). It's a way to express the fraction as parts per hundred, making it easier to understand and compare with other values.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 29 out of 87 students in a school passed a certain test, you could say that 33.33% of the students passed. This percentage gives a quick and clear picture of the proportion of successful students compared to the total number of test-takers.