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I=2900\times \frac{30.1125+231}{365}
Multiply 0.0825 and 365 to get 30.1125.
I=2900\times \frac{261.1125}{365}
Add 30.1125 and 231 to get 261.1125.
I=2900\times \frac{2611125}{3650000}
Expand \frac{261.1125}{365} by multiplying both numerator and the denominator by 10000.
I=2900\times \frac{20889}{29200}
Reduce the fraction \frac{2611125}{3650000} to lowest terms by extracting and canceling out 125.
I=\frac{2900\times 20889}{29200}
Express 2900\times \frac{20889}{29200} as a single fraction.
I=\frac{60578100}{29200}
Multiply 2900 and 20889 to get 60578100.
I=\frac{605781}{292}
Reduce the fraction \frac{60578100}{29200} to lowest terms by extracting and canceling out 100.