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\frac{3}{20}\times 150000
Reduce the fraction \frac{15}{100} to lowest terms by extracting and canceling out 5.
\frac{3\times 150000}{20}
Express \frac{3}{20}\times 150000 as a single fraction.
\frac{450000}{20}
Multiply 3 and 150000 to get 450000.
22500
Divide 450000 by 20 to get 22500.