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5000\left(1+\frac{1}{20}\times 2\right)
Reduce the fraction \frac{5}{100} to lowest terms by extracting and canceling out 5.
5000\left(1+\frac{2}{20}\right)
Multiply \frac{1}{20} and 2 to get \frac{2}{20}.
5000\left(1+\frac{1}{10}\right)
Reduce the fraction \frac{2}{20} to lowest terms by extracting and canceling out 2.
5000\left(\frac{10}{10}+\frac{1}{10}\right)
Convert 1 to fraction \frac{10}{10}.
5000\times \frac{10+1}{10}
Since \frac{10}{10} and \frac{1}{10} have the same denominator, add them by adding their numerators.
5000\times \frac{11}{10}
Add 10 and 1 to get 11.
\frac{5000\times 11}{10}
Express 5000\times \frac{11}{10} as a single fraction.
\frac{55000}{10}
Multiply 5000 and 11 to get 55000.
5500
Divide 55000 by 10 to get 5500.