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2320\times \frac{50}{360}
Multiply 29000 and 0.08 to get 2320.
2320\times \frac{5}{36}
Reduce the fraction \frac{50}{360} to lowest terms by extracting and canceling out 10.
\frac{2320\times 5}{36}
Express 2320\times \frac{5}{36} as a single fraction.
\frac{11600}{36}
Multiply 2320 and 5 to get 11600.
\frac{2900}{9}
Reduce the fraction \frac{11600}{36} to lowest terms by extracting and canceling out 4.