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\frac{13000}{1+13000\times 0.0064}
Calculate 0.08 to the power of 2 and get 0.0064.
\frac{13000}{1+83.2}
Multiply 13000 and 0.0064 to get 83.2.
\frac{13000}{84.2}
Add 1 and 83.2 to get 84.2.
\frac{130000}{842}
Expand \frac{13000}{84.2} by multiplying both numerator and the denominator by 10.
\frac{65000}{421}
Reduce the fraction \frac{130000}{842} to lowest terms by extracting and canceling out 2.