The fraction 9/40 is equal to 22.50% when converted to a percentage and rounded to the nearest two decimal places. This means that if you had 40 equal parts of something and took 9 of those parts, you'd have 22.50% of the whole. It's a fairly small percentage, less than a quarter of the total.
To put this in perspective, 22.50% is just over one-fifth of the whole. It's a bit more than 20% but not quite 25%. In everyday situations, you might encounter this percentage when dealing with things like discounts, test scores, or statistics. For example, if a store offered a 22.50% discount on an item, you'd be saving almost a quarter of the original price.