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\frac{1.505\times 1.03}{0.1152-0.03}
Add 1 and 0.03 to get 1.03.
\frac{1.55015}{0.1152-0.03}
Multiply 1.505 and 1.03 to get 1.55015.
\frac{1.55015}{0.0852}
Subtract 0.03 from 0.1152 to get 0.0852.
\frac{155015}{8520}
Expand \frac{1.55015}{0.0852} by multiplying both numerator and the denominator by 100000.
\frac{31003}{1704}
Reduce the fraction \frac{155015}{8520} to lowest terms by extracting and canceling out 5.