The fraction 45/48 is equal to 93.75% when converted to a percentage. This means that 45 out of 48 parts represent almost 94% of the whole. It's a pretty high percentage, showing that the fraction is close to being a complete unit or 100%.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if you answered 45 out of 48 questions correctly on a test, you'd score a 93.75%. Or if you completed 45 out of 48 tasks on your to-do list, you'd be 93.75% done with your work. It's a good way to represent how close something is to being finished or complete.