The fraction 3/97 is equal to 3.09% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents just over 3 parts out of 100, or about 3 pennies out of a dollar. It's a relatively low percentage, indicating that 3/97 is a fairly small fraction overall.
In practical terms, 3.09% might be used to describe things like a small probability, a minor increase in sales, or a tiny portion of a larger whole. For example, if only 3 out of 97 students in a school wore red shirts on a given day, you could say that 3.09% of the student body wore red. This percentage gives a quick and easy way to understand the relative size of the fraction 3/97 in everyday contexts.