The fraction 31/62 is equal to 50.00% when converted to a percentage and rounded to the nearest 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 various contexts. For example, if you're looking at a half-full glass of water, that's 50% full. Or if you're talking about the chances of a coin landing on heads or tails, each outcome has a 50% probability. This fraction and its percentage equivalent are commonly encountered in daily life, making them important to understand and recognize.