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\frac{20000}{8\times 365}
Express \frac{\frac{20000}{8}}{365} as a single fraction.
\frac{20000}{2920}
Multiply 8 and 365 to get 2920.
\frac{500}{73}
Reduce the fraction \frac{20000}{2920} to lowest terms by extracting and canceling out 40.