The fraction 62/83 is equal to 74.70% when converted to a percentage and rounded to two decimal places. This means that if you were to divide 62 by 83, you'd get a decimal that's pretty close to three-quarters of a whole. It's a bit more than 74% but not quite 75%.
In everyday life, you might come across this fraction or percentage in various situations. For example, if 62 out of 83 people in a survey agreed with something, you could say that 74.70% of respondents were in agreement. Or if you completed 62 out of 83 tasks on your to-do list, you'd have finished about three-quarters of your work. Understanding these equivalents can help you quickly grasp proportions and make sense of data in different formats.