The fraction 3/62 is equal to 4.84% when converted to a percentage and rounded to two decimal places. This small percentage represents just under 5% of a whole, or about 1/20th. It's a relatively low fraction, indicating only a small portion of something.
In practical terms, 3/62 or 4.84% could be used in various contexts. For example, it might represent the chance of an unlikely event occurring, a small portion of a budget allocated to a specific item, or a minor increase in a statistic. While it's not a large percentage, it can still be significant depending on the situation it's applied to.
