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\frac{0.21}{7}
Multiply 4.2 and 0.05 to get 0.21.
\frac{21}{700}
Expand \frac{0.21}{7} by multiplying both numerator and the denominator by 100.
\frac{3}{100}
Reduce the fraction \frac{21}{700} to lowest terms by extracting and canceling out 7.