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\frac{3}{200}+1
Expand \frac{0.03}{2} by multiplying both numerator and the denominator by 100.
\frac{3}{200}+\frac{200}{200}
Convert 1 to fraction \frac{200}{200}.
\frac{3+200}{200}
Since \frac{3}{200} and \frac{200}{200} have the same denominator, add them by adding their numerators.
\frac{203}{200}
Add 3 and 200 to get 203.