Final answer:
Increasing the number of decimal places for values formatted with percent style provides more accurate and precise information.
Step-by-step explanation:
When formatting values with the percent style, increasing the number of decimal places can provide more accurate and precise information. This is especially important when dealing with small percentages or when the values have a significant impact on calculations or comparisons. For example, if you have two percentages that are 98.76% and 98.53%, increasing the decimal places to one more would give you 98.756% and 98.530%, allowing for a more precise analysis.