$$ \begin{aligned} \frac{7}{16}+\frac{1}{6} &= 0&& \text{multiply ALL terms by } \color{blue}{ 48 }. \\[1 em]48\cdot\frac{7}{16}+48\cdot\frac{1}{6} &= 48\cdot0&& \text{cancel out the denominators} \\[1 em]21+8 &= 0&& \text{simplify left side} \\[1 em]29 &= 0&& \\[1 em] \end{aligned} $$
Since the statement $ \color{red}{ 29 = 0 } $ is FALSE, we conclude that the equation has no solution.
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