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\frac{1}{20}\times \frac{1}{12}
Reduce the fraction \frac{5}{100} to lowest terms by extracting and canceling out 5.
\frac{1\times 1}{20\times 12}
Multiply \frac{1}{20} times \frac{1}{12} by multiplying numerator times numerator and denominator times denominator.
\frac{1}{240}
Do the multiplications in the fraction \frac{1\times 1}{20\times 12}.