The fraction 3/78 is equal to 3.85% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents just a tiny portion of a whole, less than one-twentieth. It's the kind of number you might encounter in everyday situations, like the chance of rain on a mostly sunny day or the amount of battery left on your phone when it's nearly dead.
In practical terms, 3/78 or 3.85% is pretty small. If you had a pizza cut into 78 slices and took 3 of them, that would be this fraction. Or if you had 100 marbles and only 3 or 4 of them were red, that would be about the same percentage. It's not a lot, but it's not nothing either. In some contexts, like interest rates or statistical probabilities, even small percentages like this can be significant.