The fraction 3/87 is equal to 3.45% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents just over 3 parts out of every 100, or about 1 part in 29. It's a relatively low percentage, indicating that 3/87 is quite a small fraction overall.
To put this in perspective, if you had a large group of 87 people and needed to select 3 of them, you'd be choosing about 3.45% of the total group. Similarly, if you had a pizza cut into 87 slices (which would be quite a feat!), taking 3 slices would give you 3.45% of the whole pizza. This percentage is often used in various fields like statistics, finance, and data analysis to represent small proportions or probabilities.