The only thing that you can be certain of is that the answer will be a number. It could be irrational or rational, it could be a proper fraction, integer or improper (mixed) fraction.
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The only generalisation posible is that it will always be a rational number. The product can be positive or negative; it can be a fraction or an integer, it can be larger or smaller.
The answer is called the product.
We call that cross multiplying.
That is correct. It is easier to simplify the fraction before multiplying all the factors in the numerator and the denominator.That is correct. It is easier to simplify the fraction before multiplying all the factors in the numerator and the denominator.That is correct. It is easier to simplify the fraction before multiplying all the factors in the numerator and the denominator.That is correct. It is easier to simplify the fraction before multiplying all the factors in the numerator and the denominator.
When multiplying decimals less than 1, the answer gets smaller because each decimal is less than 1. Multiplying a number by a value less than 1 will always result in a smaller product. Think of it as taking a fraction or a portion of the number, which will inevitably make the product smaller.