The fraction 7/42 is equal to 16.67% when converted to a percentage and rounded to two decimal places. This means that 7/42 represents about one-sixth of a whole, or slightly more than 16 out of every 100 parts. It's a relatively small fraction, less than one-fifth but more than one-tenth of the total.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 7 out of 42 students in a class wear glasses, that would be 16.67% of the class. Or if you completed 7 out of 42 tasks on your to-do list, you'd have finished about 16.67% of your work. This fraction and its equivalent percentage are useful for understanding proportions and parts of a whole in many real-world scenarios.