Step 1 :Given that the first term (a) of an infinite geometric series is 12 and the limiting sum (S) is 15.
Step 2 :We can use the formula for the sum of an infinite geometric series, which is \(S = \frac{a}{1 - r}\), where r is the common ratio.
Step 3 :Rearrange this formula to solve for r: \(r = 1 - \frac{a}{S}\).
Step 4 :Substitute the given values into the formula: \(r = 1 - \frac{12}{15}\).
Step 5 :Simplify to find the value of r: \(r = 0.19999999999999996\).
Step 6 :Final Answer: The common ratio is approximately \(\boxed{0.2}\).