Answer
$\frac{3}{12}$ or $\frac{1}{4}$
Work Step by Step
$x=\frac{1}{3}$ $y= \frac{3}{4}$
$xy= \frac{1}{3} \times \frac{3}{4}$
$\frac{1}{3} \times \frac{3}{4}= \frac{1\times 3}{3\times 4}= \frac{3}{12}$
$ \frac{3\times 1}{3\times 4}$
Simplify the fraction. Cancel the common factor, which is 3.
$\frac{3}{12}= \frac{1}{4}$