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\frac{5\times 4+1}{4\times 100}\times 76
Express \frac{\frac{5\times 4+1}{4}}{100} as a single fraction.
\frac{20+1}{4\times 100}\times 76
Multiply 5 and 4 to get 20.
\frac{21}{4\times 100}\times 76
Add 20 and 1 to get 21.
\frac{21}{400}\times 76
Multiply 4 and 100 to get 400.
\frac{21\times 76}{400}
Express \frac{21}{400}\times 76 as a single fraction.
\frac{1596}{400}
Multiply 21 and 76 to get 1596.
\frac{399}{100}
Reduce the fraction \frac{1596}{400} to lowest terms by extracting and canceling out 4.