Yep, your math is a bit off.
Stock size on my Tracker was 195/75/15. Diameter would be 26.51 in. Circumference 83.28 in. Revs per mile 784.6.
A 235/75/15 would be 28.87 in., 90.69 in., and 720.4.
So only 2.36 in. taller, but 7.41 in. bigger around.
Hope that helps.