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1500000=P\left(1+\frac{1}{10}\times 15\right)
Reduce the fraction \frac{10}{100} to lowest terms by extracting and canceling out 10.
1500000=P\left(1+\frac{15}{10}\right)
Multiply \frac{1}{10} and 15 to get \frac{15}{10}.
1500000=P\left(1+\frac{3}{2}\right)
Reduce the fraction \frac{15}{10} to lowest terms by extracting and canceling out 5.
1500000=P\left(\frac{2}{2}+\frac{3}{2}\right)
Convert 1 to fraction \frac{2}{2}.
1500000=P\times \frac{2+3}{2}
Since \frac{2}{2} and \frac{3}{2} have the same denominator, add them by adding their numerators.
1500000=P\times \frac{5}{2}
Add 2 and 3 to get 5.
P\times \frac{5}{2}=1500000
Swap sides so that all variable terms are on the left hand side.
P=1500000\times \frac{2}{5}
Multiply both sides by \frac{2}{5}, the reciprocal of \frac{5}{2}.
P=\frac{1500000\times 2}{5}
Express 1500000\times \frac{2}{5} as a single fraction.
P=\frac{3000000}{5}
Multiply 1500000 and 2 to get 3000000.
P=600000
Divide 3000000 by 5 to get 600000.