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\frac{1}{50}\times 24
Reduce the fraction \frac{2}{100} to lowest terms by extracting and canceling out 2.
\frac{24}{50}
Multiply \frac{1}{50} and 24 to get \frac{24}{50}.
\frac{12}{25}
Reduce the fraction \frac{24}{50} to lowest terms by extracting and canceling out 2.