The fraction 31/36 is equal to 86.11% when converted to a percentage and rounded to two decimal places. This percentage represents how close the fraction is to being a whole, with 100% being equivalent to 1 or a complete whole. In this case, 31/36 is quite close to being complete, as it's more than three-quarters of the way there.
To put this into perspective, if you had a pizza cut into 36 slices and ate 31 of them, you would have consumed 86.11% of the pizza. This fraction and its percentage equivalent are often used in various fields, such as statistics, finance, and everyday calculations. It's a handy way to express parts of a whole in a format that's easy to understand and compare.