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700\times \frac{7}{20}
Reduce the fraction \frac{35}{100} to lowest terms by extracting and canceling out 5.
\frac{700\times 7}{20}
Express 700\times \frac{7}{20} as a single fraction.
\frac{4900}{20}
Multiply 700 and 7 to get 4900.
245
Divide 4900 by 20 to get 245.