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\frac{62\times 2+1}{2\times 100}
Express \frac{\frac{62\times 2+1}{2}}{100} as a single fraction.
\frac{124+1}{2\times 100}
Multiply 62 and 2 to get 124.
\frac{125}{2\times 100}
Add 124 and 1 to get 125.
\frac{125}{200}
Multiply 2 and 100 to get 200.
\frac{5}{8}
Reduce the fraction \frac{125}{200} to lowest terms by extracting and canceling out 25.