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\frac{28000}{1+28000\times 0.0064}
Calculate 0.08 to the power of 2 and get 0.0064.
\frac{28000}{1+179.2}
Multiply 28000 and 0.0064 to get 179.2.
\frac{28000}{180.2}
Add 1 and 179.2 to get 180.2.
\frac{280000}{1802}
Expand \frac{28000}{180.2} by multiplying both numerator and the denominator by 10.
\frac{140000}{901}
Reduce the fraction \frac{280000}{1802} to lowest terms by extracting and canceling out 2.