The fraction 3/38 is equal to 7.89% when converted to a percentage and rounded to two decimal places. This small percentage represents just a tiny portion of a whole, less than one-tenth. It's not a common fraction you'd encounter in everyday life, but it could come up in certain calculations or statistics.
To put this percentage in perspective, if you had a group of 38 people and needed to select 3 of them, you'd be choosing about 7.89% of the group. Or if you had a pizza cut into 38 slices and took 3 of them, you'd have eaten 7.89% of the pizza. While it's not a large amount, it's still a measurable portion that can be significant in the right context.