From sight, we can estimate the maximum amplitude as approximately equal to 2 and it occurs near t=0, 0.2, 0.4, 0.6, 0.8, and 1. To be sure, we should plot the graphs near our candidate maximum values.
Input :=
Plot[wave1 + wave2, {t, 0, 0.01}]

Output = -Graphics-
Input := wave1 + wave2 /. t -> 0
Output = 2
Input :=
Plot[wave1 + wave2, {t, 0.15, 0.25}]

Output = -Graphics-
Input := wave1 + wave2 /. t -> 0.2
Output = Cos[48. Pi] + Cos[50. Pi]
Input := N[%]
Output = 2.
Due to the periodicity of the waves, if 0 and 0.2 are maxima, so are the remaining values 0.4, 0.6, 0.8, and 1.