The fraction 31/48 is equal to 64.58% when converted to a percentage. This percentage is rounded to the nearest two decimal places for simplicity. Fractions and percentages are different ways of expressing the same value, with percentages often being easier to understand at a glance.
In everyday life, you might encounter 31/48 or 64.58% in various situations. For example, it could represent a student's test score, the portion of a task completed, or the amount of space used on a storage device. While the fraction might be more precise in some cases, the percentage form is generally more intuitive for quick comparisons or assessments.