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300\times 20Y=7000
Multiply 10 and 30 to get 300.
6000Y=7000
Multiply 300 and 20 to get 6000.
Y=\frac{7000}{6000}
Divide both sides by 6000.
Y=\frac{7}{6}
Reduce the fraction \frac{7000}{6000} to lowest terms by extracting and canceling out 1000.