1. The problem is to understand the number 0.02 and express it in different forms. 2. We can write 0.02 as a fraction by recognizing it has two decimal places, so it is \frac{2}{100}. 3. Simplify the fraction by dividing numerator and denominator by their greatest common divisor, which is 2: \frac{2 \div 2}{100 \div 2} = \frac{1}{50}. 4. Therefore, 0.02 = \frac{1}{50}. 5. In percentage form, multiply by 100: 0.02 \times 100 = 2\%. 6. So, 0.02 can be expressed as 2\% or \frac{1}{50} in fraction form.