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\frac{1}{500}\times \frac{15}{2}
Convert decimal number 7.5 to fraction \frac{75}{10}. Reduce the fraction \frac{75}{10} to lowest terms by extracting and canceling out 5.
\frac{1\times 15}{500\times 2}
Multiply \frac{1}{500} times \frac{15}{2} by multiplying numerator times numerator and denominator times denominator.
\frac{15}{1000}
Do the multiplications in the fraction \frac{1\times 15}{500\times 2}.
\frac{3}{200}
Reduce the fraction \frac{15}{1000} to lowest terms by extracting and canceling out 5.