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120000=10200\left(1+\frac{2\times 11}{100}\right)
Multiply both sides of the equation by 100.
120000=10200\left(1+\frac{22}{100}\right)
Multiply 2 and 11 to get 22.
120000=10200\left(1+\frac{11}{50}\right)
Reduce the fraction \frac{22}{100} to lowest terms by extracting and canceling out 2.
120000=10200\left(\frac{50}{50}+\frac{11}{50}\right)
Convert 1 to fraction \frac{50}{50}.
120000=10200\times \frac{50+11}{50}
Since \frac{50}{50} and \frac{11}{50} have the same denominator, add them by adding their numerators.
120000=10200\times \frac{61}{50}
Add 50 and 11 to get 61.
120000=\frac{10200\times 61}{50}
Express 10200\times \frac{61}{50} as a single fraction.
120000=\frac{622200}{50}
Multiply 10200 and 61 to get 622200.
120000=12444
Divide 622200 by 50 to get 12444.
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Compare 120000 and 12444.