The fraction 70/89 is equal to 78.65% when converted to a percentage and rounded to two decimal places. This percentage represents how much of the whole (89) is taken up by the part (70). It's a way to express the fraction as parts per hundred, making it easier to understand and compare to other values.
In everyday situations, you might encounter this fraction or percentage when dealing with things like test scores, survey results, or statistical data. For example, if 70 out of 89 people in a group prefer a certain product, you could say that 78.65% of the group likes that product. This percentage gives a quick and clear picture of the proportion, allowing for easy interpretation and decision-making based on the information.