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\frac{0.765}{0.86}
Multiply 1.53 and 0.5 to get 0.765.
\frac{765}{860}
Expand \frac{0.765}{0.86} by multiplying both numerator and the denominator by 1000.
\frac{153}{172}
Reduce the fraction \frac{765}{860} to lowest terms by extracting and canceling out 5.