To simplify: `(2358(1+0.07 times 193/365))/(1+0.055 times 364/365)`

The order in which each operation is performed is very important. The contents of the brackets must be done first and within the bracket the multiplication must be done before adding 1:

`therefore = (2358(1+ 0.037013698))/(1+0.054849315)`

`therefore = 2445.278301/1.054849315`

= 2 318.130435

**Ans: **

`(2358(1+0.07 times193/365))/(1+0.055 times 364/365) `

**= 2318.13 (rounded off to 2 decimal places)**

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