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\frac{3}{100}\times \frac{1}{20}
Reduce the fraction \frac{5}{100} to lowest terms by extracting and canceling out 5.
\frac{3\times 1}{100\times 20}
Multiply \frac{3}{100} times \frac{1}{20} by multiplying numerator times numerator and denominator times denominator.
\frac{3}{2000}
Do the multiplications in the fraction \frac{3\times 1}{100\times 20}.