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100\left(\frac{1.015075125-1}{0.005}-3\right)
Calculate 1.005 to the power of 3 and get 1.015075125.
100\left(\frac{0.015075125}{0.005}-3\right)
Subtract 1 from 1.015075125 to get 0.015075125.
100\left(\frac{15075125}{5000000}-3\right)
Expand \frac{0.015075125}{0.005} by multiplying both numerator and the denominator by 1000000000.
100\left(\frac{120601}{40000}-3\right)
Reduce the fraction \frac{15075125}{5000000} to lowest terms by extracting and canceling out 125.
100\left(\frac{120601}{40000}-\frac{120000}{40000}\right)
Convert 3 to fraction \frac{120000}{40000}.
100\times \frac{120601-120000}{40000}
Since \frac{120601}{40000} and \frac{120000}{40000} have the same denominator, subtract them by subtracting their numerators.
100\times \frac{601}{40000}
Subtract 120000 from 120601 to get 601.
\frac{100\times 601}{40000}
Express 100\times \frac{601}{40000} as a single fraction.
\frac{60100}{40000}
Multiply 100 and 601 to get 60100.
\frac{601}{400}
Reduce the fraction \frac{60100}{40000} to lowest terms by extracting and canceling out 100.