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 something is almost entirely complete or full. For example, if a student answered 46 out of 47 questions correctly on a test, they would have scored 97.87%. This would be considered an excellent result, as it's very close to a perfect score. The fraction 46/47 and its percentage equivalent are useful for expressing values that are just shy of being whole or complete.