I'm stuck at this section of the following problem:
Let $R$ be a commutative ring and $S$ be a subset of $R$, with $S$ multiplicatively closed.
Find the group of units of $S^{-1}R$.
My try:
$U(S^{-1}R)=\{\frac{a}{b}\mid a,b\in S\}$.
Is it correct?
Thank you very much.
As Gregory pointed out, $U(S^{-1}R)$ is defined as follows: $$U(S^{-1}R)=\Big\{\frac{a}{b}\in S^{-1}R \mid \text{$a$ is either in $S$ or a unit in $R$, and $b \in S$}\Big\}.$$
HINT: Furthermore, you can conclude that, if $r\in U(R)$, then $i(r)=\displaystyle\frac{r}{1}$, and exists an element of $R$, let's name it $s$, such that $r\cdot s=s \cdot r=1$. So the inverse will be $\displaystyle\frac{s}{1}$.
Can you conclude the last one?