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\frac{3\times 4+3}{4\times 100}
Express \frac{\frac{3\times 4+3}{4}}{100} as a single fraction.
\frac{12+3}{4\times 100}
Multiply 3 and 4 to get 12.
\frac{15}{4\times 100}
Add 12 and 3 to get 15.
\frac{15}{400}
Multiply 4 and 100 to get 400.
\frac{3}{80}
Reduce the fraction \frac{15}{400} to lowest terms by extracting and canceling out 5.