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\frac{7}{32}\times 1000
Calculate 10 to the power of 3 and get 1000.
\frac{7\times 1000}{32}
Express \frac{7}{32}\times 1000 as a single fraction.
\frac{7000}{32}
Multiply 7 and 1000 to get 7000.
\frac{875}{4}
Reduce the fraction \frac{7000}{32} to lowest terms by extracting and canceling out 8.