The fraction 84/86 is equal to 97.67% when converted to a percentage and rounded to two decimal places. This means that 84 out of 86 parts represent nearly 98% of the whole. It's a pretty high percentage, showing that the fraction is close to being a complete unit.
In everyday situations, you might come across this fraction or percentage when dealing with things like test scores, completion rates, or efficiency measurements. For example, if a student answered 84 out of 86 questions correctly on a test, they would have scored about 97.67%. This would be considered an excellent performance, as it's very close to a perfect score of 100%.