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\frac{3}{5}\times \frac{1}{100}
Reduce the fraction \frac{60}{100} to lowest terms by extracting and canceling out 20.
\frac{3\times 1}{5\times 100}
Multiply \frac{3}{5} times \frac{1}{100} by multiplying numerator times numerator and denominator times denominator.
\frac{3}{500}
Do the multiplications in the fraction \frac{3\times 1}{5\times 100}.