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\frac{2}{3}\times \frac{3}{4}
Reduce the fraction \frac{12}{16} to lowest terms by extracting and canceling out 4.
\frac{2\times 3}{3\times 4}
Multiply \frac{2}{3} times \frac{3}{4} by multiplying numerator times numerator and denominator times denominator.
\frac{2}{4}
Cancel out 3 in both numerator and denominator.
\frac{1}{2}
Reduce the fraction \frac{2}{4} to lowest terms by extracting and canceling out 2.