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\frac{3}{20}\times 110000
Reduce the fraction \frac{15}{100} to lowest terms by extracting and canceling out 5.
\frac{3\times 110000}{20}
Express \frac{3}{20}\times 110000 as a single fraction.
\frac{330000}{20}
Multiply 3 and 110000 to get 330000.
16500
Divide 330000 by 20 to get 16500.