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\frac{1\times 1}{12\times 12}\times \frac{3}{2}-\frac{1}{12}
Multiply \frac{1}{12} times \frac{1}{12} by multiplying numerator times numerator and denominator times denominator.
\frac{1}{144}\times \frac{3}{2}-\frac{1}{12}
Do the multiplications in the fraction \frac{1\times 1}{12\times 12}.
\frac{1\times 3}{144\times 2}-\frac{1}{12}
Multiply \frac{1}{144} times \frac{3}{2} by multiplying numerator times numerator and denominator times denominator.
\frac{3}{288}-\frac{1}{12}
Do the multiplications in the fraction \frac{1\times 3}{144\times 2}.
\frac{1}{96}-\frac{1}{12}
Reduce the fraction \frac{3}{288} to lowest terms by extracting and canceling out 3.
\frac{1}{96}-\frac{8}{96}
Least common multiple of 96 and 12 is 96. Convert \frac{1}{96} and \frac{1}{12} to fractions with denominator 96.
\frac{1-8}{96}
Since \frac{1}{96} and \frac{8}{96} have the same denominator, subtract them by subtracting their numerators.
-\frac{7}{96}
Subtract 8 from 1 to get -7.