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3500\times \frac{7}{10}
Reduce the fraction \frac{70}{100} to lowest terms by extracting and canceling out 10.
\frac{3500\times 7}{10}
Express 3500\times \frac{7}{10} as a single fraction.
\frac{24500}{10}
Multiply 3500 and 7 to get 24500.
2450
Divide 24500 by 10 to get 2450.