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12\left(\frac{8}{60}-\frac{21}{60}\right)
Least common multiple of 15 and 20 is 60. Convert \frac{2}{15} and \frac{7}{20} to fractions with denominator 60.
12\times \frac{8-21}{60}
Since \frac{8}{60} and \frac{21}{60} have the same denominator, subtract them by subtracting their numerators.
12\left(-\frac{13}{60}\right)
Subtract 21 from 8 to get -13.
\frac{12\left(-13\right)}{60}
Express 12\left(-\frac{13}{60}\right) as a single fraction.
\frac{-156}{60}
Multiply 12 and -13 to get -156.
-\frac{13}{5}
Reduce the fraction \frac{-156}{60} to lowest terms by extracting and canceling out 12.