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1+\frac{6}{1200}\times 12
Expand \frac{0.06}{12} by multiplying both numerator and the denominator by 100.
1+\frac{1}{200}\times 12
Reduce the fraction \frac{6}{1200} to lowest terms by extracting and canceling out 6.
1+\frac{12}{200}
Multiply \frac{1}{200} and 12 to get \frac{12}{200}.
1+\frac{3}{50}
Reduce the fraction \frac{12}{200} to lowest terms by extracting and canceling out 4.
\frac{50}{50}+\frac{3}{50}
Convert 1 to fraction \frac{50}{50}.
\frac{50+3}{50}
Since \frac{50}{50} and \frac{3}{50} have the same denominator, add them by adding their numerators.
\frac{53}{50}
Add 50 and 3 to get 53.