The fraction 31/69 is equal to 44.93% when converted to a percentage and rounded to two decimal places. This percentage represents the proportion of 31 parts out of a total of 69 parts. It's a bit less than half, but still a significant portion overall.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 31 out of 69 students in a class prefer pizza over burgers for lunch, you could say that 44.93% of the class likes pizza better. This percentage gives a clearer picture of the proportion compared to the original fraction, making it easier to understand and compare with other values.