The fraction 4/22 is equal to 18.18% when converted to a percentage and rounded to two decimal places. This percentage represents how much of a whole the fraction represents. In other words, if you had 22 items and took 4 of them, you'd have about 18.18% of the total.
Understanding percentages like this can be useful in everyday life. For example, if you're looking at a sale where 4 out of every 22 items are discounted, you'd know that roughly 18% of the store's inventory is on sale. This kind of knowledge can help with quick mental math and decision-making in various situations, from shopping to analyzing data.