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\frac{3\times 2^{3}}{8}
Cancel out 3\times 4 in both numerator and denominator.
\frac{3\times 8}{8}
Calculate 2 to the power of 3 and get 8.
\frac{24}{8}
Multiply 3 and 8 to get 24.
3
Divide 24 by 8 to get 3.