Add or Subtract as Indicated $5 \frac { 7 } { 20 } - 3 \frac { 1 } { 16 }$

Multiple Choice

Add or subtract as indicated. Write the answer in lowest terms.
- $5 \frac { 7 } { 20 } - 3 \frac { 1 } { 16 }$

A) $1 \frac { 23 } { 80 }$
B) $2 \frac { 27 } { 80 }$
C) $2 \frac { 3 } { 40 }$
D) $2 \frac { 23 } { 80 }$