The fraction 94/95 is equal to 98.95% when converted to a percentage and rounded to two decimal places. This means that 94/95 represents a value very close to 100%, or a whole unit. It's a large fraction that's just shy of being complete.
In practical terms, 94/95 or 98.95% could be used to describe situations where something is almost entirely finished or full. For example, a project that's 94/95 complete would be in its final stages, with only a tiny bit left to do. Similarly, a battery charged to 98.95% would be essentially full, needing just a little more power to reach its maximum capacity.