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\frac{\frac{96+1}{12}\times \frac{1}{3}}{100}
Multiply 8 and 12 to get 96.
\frac{\frac{97}{12}\times \frac{1}{3}}{100}
Add 96 and 1 to get 97.
\frac{\frac{97\times 1}{12\times 3}}{100}
Multiply \frac{97}{12} times \frac{1}{3} by multiplying numerator times numerator and denominator times denominator.
\frac{\frac{97}{36}}{100}
Do the multiplications in the fraction \frac{97\times 1}{12\times 3}.
\frac{97}{36\times 100}
Express \frac{\frac{97}{36}}{100} as a single fraction.
\frac{97}{3600}
Multiply 36 and 100 to get 3600.