The fraction 9/98 is equal to 9.18% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents a relatively small portion of a whole, just under one-tenth. It's a useful figure to know when dealing with certain calculations or statistics that involve parts of a hundred.
In everyday situations, you might encounter this percentage in various contexts. For example, if 9 out of 98 people in a survey preferred a certain product, you could say that 9.18% of respondents favored that item. Similarly, if a store offers a 9.18% discount on an item, it means you'd save about 9 cents for every dollar spent. Understanding these small percentages can be helpful in making informed decisions in daily life.