The fraction 3/42 is equal to 7.14% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents just over 7 parts out of 100, or about 1/14 of the total. It's a relatively low percentage, indicating that 3/42 is less than one-tenth of the whole.
To put this in perspective, if you had a pizza cut into 42 slices and took 3 of them, you'd have about 7.14% of the pizza. Similarly, if you scored 3 out of 42 on a test, you'd have answered roughly 7.14% of the questions correctly. This fraction and its equivalent percentage are useful in various real-world situations, from calculating discounts to measuring progress towards a goal.