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\frac{3}{20}\times 500
Reduce the fraction \frac{15}{100} to lowest terms by extracting and canceling out 5.
\frac{3\times 500}{20}
Express \frac{3}{20}\times 500 as a single fraction.
\frac{1500}{20}
Multiply 3 and 500 to get 1500.
75
Divide 1500 by 20 to get 75.