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\frac{1}{500}\times \frac{100}{1}
Reduce the fraction \frac{2000}{1000000} to lowest terms by extracting and canceling out 2000.
\frac{1}{500}\times 100
Anything divided by one gives itself.
\frac{100}{500}
Multiply \frac{1}{500} and 100 to get \frac{100}{500}.
\frac{1}{5}
Reduce the fraction \frac{100}{500} to lowest terms by extracting and canceling out 100.