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\frac{15+2}{15}-\frac{1}{12}
Multiply 1 and 15 to get 15.
\frac{17}{15}-\frac{1}{12}
Add 15 and 2 to get 17.
\frac{68}{60}-\frac{5}{60}
Least common multiple of 15 and 12 is 60. Convert \frac{17}{15} and \frac{1}{12} to fractions with denominator 60.
\frac{68-5}{60}
Since \frac{68}{60} and \frac{5}{60} have the same denominator, subtract them by subtracting their numerators.
\frac{63}{60}
Subtract 5 from 68 to get 63.
\frac{21}{20}
Reduce the fraction \frac{63}{60} to lowest terms by extracting and canceling out 3.