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\frac{237\times 2+1}{2\times 100}
Express \frac{\frac{237\times 2+1}{2}}{100} as a single fraction.
\frac{474+1}{2\times 100}
Multiply 237 and 2 to get 474.
\frac{475}{2\times 100}
Add 474 and 1 to get 475.
\frac{475}{200}
Multiply 2 and 100 to get 200.
\frac{19}{8}
Reduce the fraction \frac{475}{200} to lowest terms by extracting and canceling out 25.