The fraction 43/99 is equal to 43.43% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents how much of a whole the fraction represents. In other words, if you had 99 equal parts of something and took 43 of those parts, you'd have about 43.43% of the total.
To put this into perspective, 43.43% is less than half but more than a third of the whole. It's close to 44%, which might be easier to visualize in some situations. When dealing with real-world applications, such as test scores or financial calculations, it's often more convenient to work with percentages rather than fractions.