The fraction 3/99 is equal to 3.03% 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 1/33 of the total. It's a relatively low percentage, indicating a small portion of a whole.
In everyday situations, you might encounter this percentage in various contexts. For example, if only 3 out of 99 people in a survey agreed with a statement, that would be roughly 3.03%. Similarly, if a store offered a 3.03% discount on a purchase, it would be a modest price reduction. While not a large percentage, it still represents a measurable amount in certain scenarios.
