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\frac{83.56}{100\times 365}
Express \frac{\frac{83.56}{100}}{365} as a single fraction.
\frac{83.56}{36500}
Multiply 100 and 365 to get 36500.
\frac{8356}{3650000}
Expand \frac{83.56}{36500} by multiplying both numerator and the denominator by 100.
\frac{2089}{912500}
Reduce the fraction \frac{8356}{3650000} to lowest terms by extracting and canceling out 4.