The fraction 3/95 is equal to 3.16% 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. It's a relatively low value, indicating that 3/95 is less than one-twentieth of the whole.
To put this in perspective, if you had a large group of 95 people and needed to select 3 of them, you'd be choosing about 3.16% of the group. This percentage could be useful in various real-world situations, such as calculating small proportions in statistics, finance, or even in everyday scenarios like determining a tiny portion of a larger quantity.