The fraction 9/29 is equal to 31.03% when converted to a percentage and rounded to two decimal places. This means that if you had 29 equal parts of something and took 9 of those parts, you'd have about 31% of the whole. It's a bit less than one-third, which would be 33.33%.
In everyday life, you might see this fraction or percentage used in various situations. For example, if 9 out of 29 students in a class wore glasses, you could say that 31.03% of the class wears glasses. Or if a store had a sale where they marked down prices by 9/29, customers would be getting about a 31% discount on their purchases.