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1+\frac{8}{400}
Expand \frac{0.08}{4} by multiplying both numerator and the denominator by 100.
1+\frac{1}{50}
Reduce the fraction \frac{8}{400} to lowest terms by extracting and canceling out 8.
\frac{50}{50}+\frac{1}{50}
Convert 1 to fraction \frac{50}{50}.
\frac{50+1}{50}
Since \frac{50}{50} and \frac{1}{50} have the same denominator, add them by adding their numerators.
\frac{51}{50}
Add 50 and 1 to get 51.