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\frac{10300000}{105}\times 0.05
Expand \frac{103000}{1.05} by multiplying both numerator and the denominator by 100.
\frac{2060000}{21}\times 0.05
Reduce the fraction \frac{10300000}{105} to lowest terms by extracting and canceling out 5.
\frac{2060000}{21}\times \frac{1}{20}
Convert decimal number 0.05 to fraction \frac{5}{100}. Reduce the fraction \frac{5}{100} to lowest terms by extracting and canceling out 5.
\frac{2060000\times 1}{21\times 20}
Multiply \frac{2060000}{21} times \frac{1}{20} by multiplying numerator times numerator and denominator times denominator.
\frac{2060000}{420}
Do the multiplications in the fraction \frac{2060000\times 1}{21\times 20}.
\frac{103000}{21}
Reduce the fraction \frac{2060000}{420} to lowest terms by extracting and canceling out 20.