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24000\left(1+3.5\times \frac{1}{20}\right)
Reduce the fraction \frac{5}{100} to lowest terms by extracting and canceling out 5.
24000\left(1+\frac{7}{2}\times \frac{1}{20}\right)
Convert decimal number 3.5 to fraction \frac{35}{10}. Reduce the fraction \frac{35}{10} to lowest terms by extracting and canceling out 5.
24000\left(1+\frac{7\times 1}{2\times 20}\right)
Multiply \frac{7}{2} times \frac{1}{20} by multiplying numerator times numerator and denominator times denominator.
24000\left(1+\frac{7}{40}\right)
Do the multiplications in the fraction \frac{7\times 1}{2\times 20}.
24000\left(\frac{40}{40}+\frac{7}{40}\right)
Convert 1 to fraction \frac{40}{40}.
24000\times \frac{40+7}{40}
Since \frac{40}{40} and \frac{7}{40} have the same denominator, add them by adding their numerators.
24000\times \frac{47}{40}
Add 40 and 7 to get 47.
\frac{24000\times 47}{40}
Express 24000\times \frac{47}{40} as a single fraction.
\frac{1128000}{40}
Multiply 24000 and 47 to get 1128000.
28200
Divide 1128000 by 40 to get 28200.