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1+\frac{15}{100}\times 1
Divide 12 by 12 to get 1.
1+\frac{3}{20}\times 1
Reduce the fraction \frac{15}{100} to lowest terms by extracting and canceling out 5.
1+\frac{3}{20}
Multiply \frac{3}{20} and 1 to get \frac{3}{20}.
\frac{20}{20}+\frac{3}{20}
Convert 1 to fraction \frac{20}{20}.
\frac{20+3}{20}
Since \frac{20}{20} and \frac{3}{20} have the same denominator, add them by adding their numerators.
\frac{23}{20}
Add 20 and 3 to get 23.