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\frac{74}{400}\times \frac{1000}{500}
Expand \frac{7.4}{40} by multiplying both numerator and the denominator by 10.
\frac{37}{200}\times \frac{1000}{500}
Reduce the fraction \frac{74}{400} to lowest terms by extracting and canceling out 2.
\frac{37}{200}\times 2
Divide 1000 by 500 to get 2.
\frac{37\times 2}{200}
Express \frac{37}{200}\times 2 as a single fraction.
\frac{74}{200}
Multiply 37 and 2 to get 74.
\frac{37}{100}
Reduce the fraction \frac{74}{200} to lowest terms by extracting and canceling out 2.