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\frac{1000}{1.12}
Add 1 and 0.12 to get 1.12.
\frac{100000}{112}
Expand \frac{1000}{1.12} by multiplying both numerator and the denominator by 100.
\frac{6250}{7}
Reduce the fraction \frac{100000}{112} to lowest terms by extracting and canceling out 16.