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. While it may seem like a tiny amount, percentages like this can be significant in certain contexts, such as interest rates or statistical analyses.
In everyday life, you might encounter similar small percentages when looking at things like the chance of winning a lottery, the error rate in a manufacturing process, or the proportion of a rare element in a compound. Even though 3.45% is a small number, it's important to remember that its impact can vary greatly depending on the situation it's applied to.
