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700000\times \frac{5}{1000}\left(\frac{0.5}{100}+1\right)
Expand \frac{0.5}{100} by multiplying both numerator and the denominator by 10.
700000\times \frac{1}{200}\left(\frac{0.5}{100}+1\right)
Reduce the fraction \frac{5}{1000} to lowest terms by extracting and canceling out 5.
\frac{700000}{200}\left(\frac{0.5}{100}+1\right)
Multiply 700000 and \frac{1}{200} to get \frac{700000}{200}.
3500\left(\frac{0.5}{100}+1\right)
Divide 700000 by 200 to get 3500.
3500\left(\frac{5}{1000}+1\right)
Expand \frac{0.5}{100} by multiplying both numerator and the denominator by 10.
3500\left(\frac{1}{200}+1\right)
Reduce the fraction \frac{5}{1000} to lowest terms by extracting and canceling out 5.
3500\left(\frac{1}{200}+\frac{200}{200}\right)
Convert 1 to fraction \frac{200}{200}.
3500\times \frac{1+200}{200}
Since \frac{1}{200} and \frac{200}{200} have the same denominator, add them by adding their numerators.
3500\times \frac{201}{200}
Add 1 and 200 to get 201.
\frac{3500\times 201}{200}
Express 3500\times \frac{201}{200} as a single fraction.
\frac{703500}{200}
Multiply 3500 and 201 to get 703500.
\frac{7035}{2}
Reduce the fraction \frac{703500}{200} to lowest terms by extracting and canceling out 100.