The fraction 70/98 is equal to 71.43% when converted to a percentage and rounded to two decimal places. This percentage represents how much of the whole (98) 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 in various contexts. For example, if 70 out of 98 students passed a test, you could say that 71.43% of the class succeeded. This percentage gives a quick and clear picture of the proportion or ratio being described, whether it's in academic settings, statistics, or other real-world applications where fractions are used.