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No best answer has yet been selected by masonbm. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.It is true, as long as the fractions are positive, but it gets a bit algebraic and tricky to set out clearly!
The fractions could be a/b and c/d, with a/b being less than c/d. A fraction formed in the way you've said is (a+c)/(b+d).
We need to show that (a+c)/(b+d) is larger than a/b i.e.
(a+c)/(b+d) > a/b
Assuming b and (b+d) are positive, we can cross multiply to get.
b(a+c)>a(b+d), or ba + bc > ab + ad
the ba and ab cancel, to give
bc > ad
dividing (as long as d and b are positive), this gives
c/d>a/b, which is true from our first assumption.
The same logic can be used to show that the new fraction is less than c/d.
Hope this helps!