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\frac{123600+1}{1}\left(1+\frac{3}{100}\right)
Multiply 123600 and 1 to get 123600.
\frac{123601}{1}\left(1+\frac{3}{100}\right)
Add 123600 and 1 to get 123601.
123601\left(1+\frac{3}{100}\right)
Anything divided by one gives itself.
123601\left(\frac{100}{100}+\frac{3}{100}\right)
Convert 1 to fraction \frac{100}{100}.
123601\times \frac{100+3}{100}
Since \frac{100}{100} and \frac{3}{100} have the same denominator, add them by adding their numerators.
123601\times \frac{103}{100}
Add 100 and 3 to get 103.
\frac{123601\times 103}{100}
Express 123601\times \frac{103}{100} as a single fraction.
\frac{12730903}{100}
Multiply 123601 and 103 to get 12730903.