What is the question? If you are only trying to expand the expression then the answer would be:
 1/4 (5y-3)+ 1/16 (12y+17)
 (5y/4) – (3/4) + (12y/16) + (17/16)
 1.25y – 0.75 + 0.75y + 1.0625
 2y + 0.3125
  
 If you are trying to find for y, then you forgot to equate it to 0, that is:
 2y + 0.3125 = 0
 2y = -0.3125
 y = 0.15625