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p\left(1+\frac{3}{20}\right)^{3}
Reduce the fraction \frac{15}{100} to lowest terms by extracting and canceling out 5.
p\times \left(\frac{23}{20}\right)^{3}
Add 1 and \frac{3}{20} to get \frac{23}{20}.
p\times \frac{12167}{8000}
Calculate \frac{23}{20} to the power of 3 and get \frac{12167}{8000}.
p\left(1+\frac{3}{20}\right)^{3}
Reduce the fraction \frac{15}{100} to lowest terms by extracting and canceling out 5.
p\times \left(\frac{23}{20}\right)^{3}
Add 1 and \frac{3}{20} to get \frac{23}{20}.
p\times \frac{12167}{8000}
Calculate \frac{23}{20} to the power of 3 and get \frac{12167}{8000}.