The fraction 73/74 is equal to 98.65% when converted to a percentage and rounded to two decimal places. This means that 73/74 represents a value very close to a whole, or 100%. It's just a tiny bit less than complete, missing only about 1.35% to reach the full amount.
In practical terms, 73/74 or 98.65% could be used to describe situations where something is almost entirely complete or full. For example, a student who correctly answered 73 out of 74 questions on a test would have scored 98.65%. Similarly, if a storage tank could hold 74 gallons but currently contains 73 gallons, it would be 98.65% full. This fraction and percentage are useful for expressing near-total quantities or high levels of completion.