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470\times \frac{1}{20}
Reduce the fraction \frac{5}{100} to lowest terms by extracting and canceling out 5.
\frac{470}{20}
Multiply 470 and \frac{1}{20} to get \frac{470}{20}.
\frac{47}{2}
Reduce the fraction \frac{470}{20} to lowest terms by extracting and canceling out 10.