The fraction 3/31 is equal to 9.68% when converted to a percentage and rounded to two decimal places. This small percentage represents just under one-tenth of a whole, or slightly less than 10%. It's a fairly uncommon fraction to encounter in everyday life, but it can pop up in certain calculations or measurements.
To put this percentage in perspective, if you had a pizza cut into 31 slices and took 3 of them, you'd have about 9.68% of the pizza. Similarly, if you completed 3 out of 31 tasks on a to-do list, you'd be roughly 9.68% done with your work. While it's not a large portion, it's still a measurable amount that can be significant in some contexts.