Answer
$\frac{1}{99}$
Work Step by Step
$0.\overline {01}=0.010101\ldots =\dfrac {1}{100}+\dfrac {1}{100^{2}}+\dfrac {1}{100^{3}}\ldots =\dfrac {a_{1}}{1-r}=\dfrac {\dfrac {1}{100}}{1-\dfrac {1}{100}}=\dfrac {1}{99}$
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