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 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 would be 50% full. This fraction and percentage are commonly used in statistics, probability, and various fields where expressing parts of a whole is important.