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\frac{300000}{5000000}\times 1
Divide 100 by 100 to get 1.
\frac{3}{50}\times 1
Reduce the fraction \frac{300000}{5000000} to lowest terms by extracting and canceling out 100000.
\frac{3}{50}
Multiply \frac{3}{50} and 1 to get \frac{3}{50}.