Answer
$\frac{17}{48} $.
Work Step by Step
$\frac{5}{12} - \frac{1}{16} = \frac{5 \cdot 4}{12 \cdot 4} - \frac{1 \cdot 3}{16 \cdot 3} = \frac{20}{148} - \frac{3}{48} = \frac{17}{48} $.
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