The fraction 56/71 is equal to 78.87% when converted to a percentage and rounded to two decimal places. This means that if you were to divide 56 by 71, you'd get a decimal value that's pretty close to 79%. It's a bit more than three-quarters of the whole, but not quite four-fifths.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 56 out of 71 students passed a test, you could say the pass rate was 78.87%. Or if a basketball player made 56 out of 71 free throw attempts, their free throw percentage would be 78.87%. It's a useful number to know for quick mental math and estimations in daily life.
