The fraction 98/99 is equal to 98.99% when converted to a percentage and rounded to two decimal places. This percentage is very close to 100%, differing by only about 1%. It represents a situation where you have almost all of something, with just a tiny bit missing.
To visualize this, imagine a pizza cut into 99 slices. If you eat 98 of those slices, you've consumed 98/99 of the pizza, or 98.99%. You'd be left with only one slice out of the original 99. This fraction and percentage come up in various real-world scenarios, like test scores, completion rates, or probabilities, where something is nearly, but not quite, complete or certain.