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\frac{2}{100}+\frac{1}{100}+\frac{1}{500}
Least common multiple of 50 and 100 is 100. Convert \frac{1}{50} and \frac{1}{100} to fractions with denominator 100.
\frac{2+1}{100}+\frac{1}{500}
Since \frac{2}{100} and \frac{1}{100} have the same denominator, add them by adding their numerators.
\frac{3}{100}+\frac{1}{500}
Add 2 and 1 to get 3.
\frac{15}{500}+\frac{1}{500}
Least common multiple of 100 and 500 is 500. Convert \frac{3}{100} and \frac{1}{500} to fractions with denominator 500.
\frac{15+1}{500}
Since \frac{15}{500} and \frac{1}{500} have the same denominator, add them by adding their numerators.
\frac{16}{500}
Add 15 and 1 to get 16.
\frac{4}{125}
Reduce the fraction \frac{16}{500} to lowest terms by extracting and canceling out 4.