Answer: 1 and 1/100
Step-by-step explanation: using the place value chart, we can see that 1.01 means 1 unit, 0 tenths, and 1 hundredth. Think of 0 tenths and 1 hundredth as 1 hundredth.So, we have 1 and 1 hundredth which can be written as the mixed number 1 and 1 hundredth or 101/100.