If you're looking for the simplified version of the fraction, you have to factor both numerator and denominator.
The numerator is actually already a prime number, so we're good
The denominator factors as 
So, a 3 appears in both numerator and denominator. We can simplify it:

If you want to compute the approximated value of this fraction, simply plug these values into some calculator to get

Can you please please give me more information please thank you
Answer:
$31.50
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 1.5%/100 = 0.015 per year,
then, solving our equation
I = 700 × 0.015 × 3 = 31.5
I = $ 31.50
The simple interest accumulated
on a principal of $ 700.00
at a rate of 1.5% per year
for 3 years is $ 31.50.