1) Algebraic fractions can be added, subtracted, multiplied, and divided. The key is to find common factors in the numerators and denominators.
2) For example, when adding fractions, find the common denominator and add only the numerators. When multiplying, multiply the numerators and denominators.
3) Algebraic fractions can also be used to solve equations by simplifying the fractions and then using inverse operations like addition/subtraction to isolate the variable.