Solve 1000*(1+6%)

$$1000 \times (1+6 \% )$$

Evaluate

$$1060$$

Solution Steps

Reduce the fraction \frac{6}{100} to lowest terms by extracting and canceling out 2.

$$1000\left(1+\frac{3}{50}\right)$$

Convert 1 to fraction \frac{50}{50}.

$$1000\left(\frac{50}{50}+\frac{3}{50}\right)$$

Since \frac{50}{50} and \frac{3}{50} have the same denominator, add them by adding their numerators.

$$1000\times \frac{50+3}{50}$$

Add 50 and 3 to get 53.

$$1000\times \frac{53}{50}$$

Express 1000\times \frac{53}{50} as a single fraction.

$$\frac{1000\times 53}{50}$$

Multiply 1000 and 53 to get 53000.

$$\frac{53000}{50}$$

Divide 53000 by 50 to get 1060.

$$1060$$

Factor

$$2^{2}\times 5\times 53$$