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\frac{15}{40}+\frac{2}{40}-\frac{1}{40}
Least common multiple of 8 and 20 is 40. Convert \frac{3}{8} and \frac{1}{20} to fractions with denominator 40.
\frac{15+2}{40}-\frac{1}{40}
Since \frac{15}{40} and \frac{2}{40} have the same denominator, add them by adding their numerators.
\frac{17}{40}-\frac{1}{40}
Add 15 and 2 to get 17.
\frac{17-1}{40}
Since \frac{17}{40} and \frac{1}{40} have the same denominator, subtract them by subtracting their numerators.
\frac{16}{40}
Subtract 1 from 17 to get 16.
\frac{2}{5}
Reduce the fraction \frac{16}{40} to lowest terms by extracting and canceling out 8.