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558713=\frac{x}{1+0.03}\times 0.03
Multiply 18023 and 31 to get 558713.
558713=\frac{x}{1.03}\times 0.03
Add 1 and 0.03 to get 1.03.
\frac{x}{1.03}\times 0.03=558713
Swap sides so that all variable terms are on the left hand side.
\frac{x}{1.03}=\frac{558713}{0.03}
Divide both sides by 0.03.
\frac{x}{1.03}=\frac{55871300}{3}
Expand \frac{558713}{0.03} by multiplying both numerator and the denominator by 100.
x=\frac{55871300}{3}\times 1.03
Multiply both sides by 1.03.
x=\frac{55871300}{3}\times \frac{103}{100}
Convert decimal number 1.03 to fraction \frac{103}{100}.
x=\frac{55871300\times 103}{3\times 100}
Multiply \frac{55871300}{3} times \frac{103}{100} by multiplying numerator times numerator and denominator times denominator.
x=\frac{5754743900}{300}
Do the multiplications in the fraction \frac{55871300\times 103}{3\times 100}.
x=\frac{57547439}{3}
Reduce the fraction \frac{5754743900}{300} to lowest terms by extracting and canceling out 100.