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\frac{12}{1-0.01^{-24}}
Multiply 1200 and 0.01 to get 12.
\frac{12}{1-1000000000000000000000000000000000000000000000000}
Calculate 0.01 to the power of -24 and get 1000000000000000000000000000000000000000000000000.
\frac{12}{-999999999999999999999999999999999999999999999999}
Subtract 1000000000000000000000000000000000000000000000000 from 1 to get -999999999999999999999999999999999999999999999999.
-\frac{4}{333333333333333333333333333333333333333333333333}
Reduce the fraction \frac{12}{-999999999999999999999999999999999999999999999999} to lowest terms by extracting and canceling out 3.