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120\left(1+\frac{3}{20}\right)
Reduce the fraction \frac{15}{100} to lowest terms by extracting and canceling out 5.
120\left(\frac{20}{20}+\frac{3}{20}\right)
Convert 1 to fraction \frac{20}{20}.
120\times \frac{20+3}{20}
Since \frac{20}{20} and \frac{3}{20} have the same denominator, add them by adding their numerators.
120\times \frac{23}{20}
Add 20 and 3 to get 23.
\frac{120\times 23}{20}
Express 120\times \frac{23}{20} as a single fraction.
\frac{2760}{20}
Multiply 120 and 23 to get 2760.
138
Divide 2760 by 20 to get 138.