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\frac{16.45}{100}
Multiply 23.5 and 0.7 to get 16.45.
\frac{1645}{10000}
Expand \frac{16.45}{100} by multiplying both numerator and the denominator by 100.
\frac{329}{2000}
Reduce the fraction \frac{1645}{10000} to lowest terms by extracting and canceling out 5.