The fraction 46/47 is equal to 97.87% when converted to a percentage and rounded to two decimal places. This means that 46/47 represents a value very close to, but slightly less than, a whole or 100%. It's a fraction that's nearly complete, with only 1/47 missing from the total.
In practical terms, 97.87% is a high percentage that indicates a large majority or near-completeness. For example, if 46 out of 47 people in a group agreed on something, you could say there was 97.87% agreement. This fraction and percentage are useful in various fields like statistics, probability, and data analysis, where precise measurements and comparisons are important.