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\frac{1}{50}\times 3Y=2
Reduce the fraction \frac{2}{100} to lowest terms by extracting and canceling out 2.
\frac{3}{50}Y=2
Multiply \frac{1}{50} and 3 to get \frac{3}{50}.
Y=2\times \frac{50}{3}
Multiply both sides by \frac{50}{3}, the reciprocal of \frac{3}{50}.
Y=\frac{2\times 50}{3}
Express 2\times \frac{50}{3} as a single fraction.
Y=\frac{100}{3}
Multiply 2 and 50 to get 100.