The fraction 29/96 is equal to 30.21% when converted to a percentage and rounded to two decimal places. This percentage represents how much of a whole the fraction represents. In other words, if you had 96 equal parts of something and took 29 of those parts, you'd have about 30.21% of the total.
To put this in perspective, 30.21% is just a bit less than one-third of a whole. It's more than a quarter (25%) but less than a half (50%). In everyday situations, you might encounter this percentage when dealing with things like test scores, sales discounts, or even cooking measurements. For example, if a recipe called for 30.21% of a cup of flour, you'd be using slightly less than one-third of a cup.