The fraction 62/85 is equal to 72.94% when converted to a percentage and rounded to two decimal places. This means that 62 out of 85 parts represent nearly three-quarters of the whole. It's a bit more than 70% but not quite 75%, falling right in between those two values.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 62 out of 85 students passed a test, you could say the pass rate was 72.94%. Or if you completed 62 pages of an 85-page book, you'd be about 72.94% done with your reading. This percentage gives a clear picture of how much of something is being represented by the fraction 62/85.