The fraction 31/62 is equal to 50.00% when converted to a percentage and rounded to two decimal places. This means that 31/62 represents exactly half of a whole, or one out of every two parts. It's a simple fraction that's easy to visualize and work with in everyday situations.
In practical terms, 31/62 or 50% can be useful in many scenarios. For example, if you're splitting a pizza with a friend, you'd each get half. Or if you're looking at a half-full glass of water, it contains 50% of its total capacity. This fraction and percentage are commonly encountered in daily life, making them important to understand and recognize.