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\frac{2}{3}\times \frac{1}{100}
Convert decimal number 0.01 to fraction \frac{1}{100}.
\frac{2\times 1}{3\times 100}
Multiply \frac{2}{3} times \frac{1}{100} by multiplying numerator times numerator and denominator times denominator.
\frac{2}{300}
Do the multiplications in the fraction \frac{2\times 1}{3\times 100}.
\frac{1}{150}
Reduce the fraction \frac{2}{300} to lowest terms by extracting and canceling out 2.