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700\times \frac{35}{1000}
Expand \frac{3.5}{100} by multiplying both numerator and the denominator by 10.
700\times \frac{7}{200}
Reduce the fraction \frac{35}{1000} to lowest terms by extracting and canceling out 5.
\frac{700\times 7}{200}
Express 700\times \frac{7}{200} as a single fraction.
\frac{4900}{200}
Multiply 700 and 7 to get 4900.
\frac{49}{2}
Reduce the fraction \frac{4900}{200} to lowest terms by extracting and canceling out 100.