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\frac{106}{10000}\times 33920
Expand \frac{1.06}{100} by multiplying both numerator and the denominator by 100.
\frac{53}{5000}\times 33920
Reduce the fraction \frac{106}{10000} to lowest terms by extracting and canceling out 2.
\frac{53\times 33920}{5000}
Express \frac{53}{5000}\times 33920 as a single fraction.
\frac{1797760}{5000}
Multiply 53 and 33920 to get 1797760.
\frac{44944}{125}
Reduce the fraction \frac{1797760}{5000} to lowest terms by extracting and canceling out 40.