Add from rightmost place value. Regroup when a column totals 10 or more.

Hundredths	=	8 + 3 = 11 hundredths = 1 tenth + 1 hundredth
Tenths	=	4 + 5 + 1 (carry) = 10 tenths = 1 one + 0 tenths
Ones	=	7 + 6 + 1 (carry) = 14
Sum	=	14.01