Solve 1000(0.03%)*365

$$1000(0.03 \% ) \times 365$$

Evaluate

$$109.5$$

Solution Steps

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

$$1000\times \frac{3}{10000}\times 365$$

Express 1000\times \frac{3}{10000} as a single fraction.

$$\frac{1000\times 3}{10000}\times 365$$

Multiply 1000 and 3 to get 3000.

$$\frac{3000}{10000}\times 365$$

Reduce the fraction \frac{3000}{10000} to lowest terms by extracting and canceling out 1000.

$$\frac{3}{10}\times 365$$

Express \frac{3}{10}\times 365 as a single fraction.

$$\frac{3\times 365}{10}$$

Multiply 3 and 365 to get 1095.

$$\frac{1095}{10}$$

Reduce the fraction \frac{1095}{10} to lowest terms by extracting and canceling out 5.

$$\frac{219}{2}$$

Factor

$$\frac{3 \cdot 73}{2} = 109\frac{1}{2} = 109.5$$