Solve (1+0.03/4)

$$(1+ \frac{ 0.03 }{ 4 } )$$

Evaluate

$$1.0075$$

Solution Steps

Expand \frac{0.03}{4} by multiplying both numerator and the denominator by 100.

$$1+\frac{3}{400}$$

Convert 1 to fraction \frac{400}{400}.

$$\frac{400}{400}+\frac{3}{400}$$

Since \frac{400}{400} and \frac{3}{400} have the same denominator, add them by adding their numerators.

$$\frac{400+3}{400}$$

Add 400 and 3 to get 403.

$$\frac{403}{400}$$

Factor

$$\frac{13 \cdot 31}{2 ^ {4} \cdot 5 ^ {2}} = 1\frac{3}{400} = 1.0075$$