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 relatively low value that could be used in various contexts, such as describing a small portion of a population or a minor increase in a statistic.
In practical terms, 3/31 or 9.68% might come up in everyday situations. For example, if a store offers a 9.68% discount on an item, customers would save just under 10 cents for every dollar spent. Similarly, if 3 out of 31 people in a group have a certain characteristic, that would mean about 9.68% of the group shares that trait. This fraction and its percentage equivalent can be useful for quick mental calculations when dealing with parts of a whole or comparing small proportions.
