The fraction 58/98 is equal to 59.18% when converted to a percentage and rounded to two decimal places. This means that if you had 98 items and selected 58 of them, you'd be choosing about 59% of the total. It's a bit more than half, but not quite as much as three-fifths.
In everyday situations, you might come across this fraction or percentage when dealing with things like test scores, survey results, or even cooking measurements. For example, if 58 out of 98 people surveyed preferred a certain product, you could say that 59.18% of respondents liked it. This percentage gives a clearer picture of the proportion than the original fraction, making it easier for most people to understand at a glance.