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\frac{2}{98}\times 1
Divide 100 by 100 to get 1.
\frac{1}{49}\times 1
Reduce the fraction \frac{2}{98} to lowest terms by extracting and canceling out 2.
\frac{1}{49}
Multiply \frac{1}{49} and 1 to get \frac{1}{49}.