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It is 100%.
2/100 as a fraction or 1/50 in its lowest terms
0.020202... = 2/99
0.02 is a fraction. It is a fraction in decimal form rather than in the form of a ratio. However, that does not stop it being a fraction. Its rational equivalent is 2/100 which can be simplified, if required. Since the absolute value of the number is less than 1 it cannot be expressed as a mixed number.
Every fraction is an equivalent fraction: each fraction in decimal form has an equivalent rational fraction as well as an equivalent percentage fraction.