The fraction 31/65 is equal to 47.69% when converted to a percentage and rounded to two decimal places. This means that if you were to divide something into 65 equal parts and take 31 of those parts, you'd have about 47.69% of the whole. It's a bit less than half, but pretty close.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 31 out of 65 students in a class passed a test, you could say that 47.69% of the class succeeded. Or if you're looking at a progress bar on a computer that's 31/65 full, you'd know it's about 47.69% complete. This fraction and its percentage equivalent can be useful for quick estimations in daily life.