The fraction 55/64 is equal to 85.94% when converted to a percentage and rounded to two decimal places. This means that if you had 64 equal parts of something and took 55 of those parts, you'd have about 86% of the whole. It's a pretty high percentage, showing that 55/64 represents a large portion of a whole.
In everyday life, you might see this fraction or percentage used in various situations. For example, if 55 out of 64 students passed a test, you could say the pass rate was 55/64 or about 86%. Or if a basketball player made 55 out of 64 free throw attempts, their free throw percentage would be around 86%. This fraction and its equivalent percentage are useful for expressing parts of a whole in different formats.