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\frac{4.05\times 0.03}{2}
Add 0.95 and 3.1 to get 4.05.
\frac{0.1215}{2}
Multiply 4.05 and 0.03 to get 0.1215.
\frac{1215}{20000}
Expand \frac{0.1215}{2} by multiplying both numerator and the denominator by 10000.
\frac{243}{4000}
Reduce the fraction \frac{1215}{20000} to lowest terms by extracting and canceling out 5.