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1500\left(1+\frac{8}{400}\right)\times \left(4\times 4\right)^{1}
Expand \frac{0.08}{4} by multiplying both numerator and the denominator by 100.
1500\left(1+\frac{1}{50}\right)\times \left(4\times 4\right)^{1}
Reduce the fraction \frac{8}{400} to lowest terms by extracting and canceling out 8.
1500\times \frac{51}{50}\times \left(4\times 4\right)^{1}
Add 1 and \frac{1}{50} to get \frac{51}{50}.
1530\times \left(4\times 4\right)^{1}
Multiply 1500 and \frac{51}{50} to get 1530.
1530\times 16^{1}
Multiply 4 and 4 to get 16.
1530\times 16
Calculate 16 to the power of 1 and get 16.
24480
Multiply 1530 and 16 to get 24480.