The fraction 45/47 is equal to 95.74% when converted to a percentage and rounded to two decimal places. This means that 45/47 represents a value very close to, but slightly less than, 96%. It's a high percentage, indicating that the fraction is close to being a whole number or 100%.
In practical terms, 45/47 or 95.74% could be used to describe situations where something is nearly complete or almost entirely filled. For example, if a storage tank has a capacity of 47 gallons and currently contains 45 gallons, it would be 95.74% full. This fraction and its percentage equivalent are useful for expressing high proportions or ratios in various fields like statistics, finance, or science.