The fraction 71/89 is equal to 79.78% when converted to a percentage and rounded to two decimal places. This percentage represents how much of 89 parts are taken up by 71 parts. It's a way to express the fraction as a portion out of 100, making it easier to understand and compare with other values.
In everyday life, you might come across percentages like this when dealing with statistics, grades, or financial calculations. For example, if a student got 71 out of 89 questions correct on a test, their score would be about 79.78%. This percentage gives a quick way to gauge performance or progress without having to think about the original fraction.