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\frac{1000-1}{10^{3}+1}
Calculate 10 to the power of 3 and get 1000.
\frac{999}{10^{3}+1}
Subtract 1 from 1000 to get 999.
\frac{999}{1000+1}
Calculate 10 to the power of 3 and get 1000.
\frac{999}{1001}
Add 1000 and 1 to get 1001.