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1000\times \frac{29}{50}
Reduce the fraction \frac{58}{100} to lowest terms by extracting and canceling out 2.
\frac{1000\times 29}{50}
Express 1000\times \frac{29}{50} as a single fraction.
\frac{29000}{50}
Multiply 1000 and 29 to get 29000.
580
Divide 29000 by 50 to get 580.