95/98 as a percentage is 96.94%. This fraction is very close to a whole number, so the percentage looks almost like 100 %.
When you look at the fraction 95/98, you can see it represents 95 parts out of a total of 98 parts. Because the denominator is only a little larger than the numerator, the value is high, which is reflected in the percentage.
In everyday terms, 96.94% means that if you had 98 items and you took 95 of them, you would have taken almost all of them. This makes the fraction useful for showing a very strong majority or a high level of completion.
Remember that percentages are just another way to talk about fractions, and 96.94% is the rounded form of 95/98 that most people find easy to understand.