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\frac{4\times 100}{1.015}
Divide 4 by \frac{1.015}{100} by multiplying 4 by the reciprocal of \frac{1.015}{100}.
\frac{400}{1.015}
Multiply 4 and 100 to get 400.
\frac{400000}{1015}
Expand \frac{400}{1.015} by multiplying both numerator and the denominator by 1000.
\frac{80000}{203}
Reduce the fraction \frac{400000}{1015} to lowest terms by extracting and canceling out 5.