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\frac{3001.5}{2}
Multiply 1000.5 and 3 to get 3001.5.
\frac{30015}{20}
Expand \frac{3001.5}{2} by multiplying both numerator and the denominator by 10.
\frac{6003}{4}
Reduce the fraction \frac{30015}{20} to lowest terms by extracting and canceling out 5.