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\frac{0.0024}{0.016}
Multiply 0.008 and 0.3 to get 0.0024.
\frac{24}{160}
Expand \frac{0.0024}{0.016} by multiplying both numerator and the denominator by 10000.
\frac{3}{20}
Reduce the fraction \frac{24}{160} to lowest terms by extracting and canceling out 8.