The fraction 56/64 is equal to 87.50% when converted to a percentage. This percentage is rounded to the nearest two decimal places. The fraction represents a fairly large portion of a whole, being more than three-quarters but less than seven-eighths.
In everyday situations, 87.50% is a common percentage to encounter. It's often used in academic grading systems, where it typically represents a B+ grade. You might also see this percentage in statistics, financial reports, or when discussing probabilities. Understanding fractions and their percentage equivalents can be helpful in various real-world scenarios, from cooking to budgeting.