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\frac{7\times 10^{3}}{2}
Cancel out 10^{2} in both numerator and denominator.
\frac{7\times 1000}{2}
Calculate 10 to the power of 3 and get 1000.
\frac{7000}{2}
Multiply 7 and 1000 to get 7000.
3500
Divide 7000 by 2 to get 3500.