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\frac{120}{1+\frac{3}{20}}
Reduce the fraction \frac{15}{100} to lowest terms by extracting and canceling out 5.
\frac{120}{\frac{20}{20}+\frac{3}{20}}
Convert 1 to fraction \frac{20}{20}.
\frac{120}{\frac{20+3}{20}}
Since \frac{20}{20} and \frac{3}{20} have the same denominator, add them by adding their numerators.
\frac{120}{\frac{23}{20}}
Add 20 and 3 to get 23.
120\times \frac{20}{23}
Divide 120 by \frac{23}{20} by multiplying 120 by the reciprocal of \frac{23}{20}.
\frac{120\times 20}{23}
Express 120\times \frac{20}{23} as a single fraction.
\frac{2400}{23}
Multiply 120 and 20 to get 2400.