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\frac{1+1}{100}
Since \frac{1}{100} and \frac{1}{100} have the same denominator, add them by adding their numerators.
\frac{2}{100}
Add 1 and 1 to get 2.
\frac{1}{50}
Reduce the fraction \frac{2}{100} to lowest terms by extracting and canceling out 2.