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\frac{1}{2}+\frac{1\times 4}{3\times 5}-\frac{1}{8}
Multiply \frac{1}{3} times \frac{4}{5} by multiplying numerator times numerator and denominator times denominator.
\frac{1}{2}+\frac{4}{15}-\frac{1}{8}
Do the multiplications in the fraction \frac{1\times 4}{3\times 5}.
\frac{15}{30}+\frac{8}{30}-\frac{1}{8}
Least common multiple of 2 and 15 is 30. Convert \frac{1}{2} and \frac{4}{15} to fractions with denominator 30.
\frac{15+8}{30}-\frac{1}{8}
Since \frac{15}{30} and \frac{8}{30} have the same denominator, add them by adding their numerators.
\frac{23}{30}-\frac{1}{8}
Add 15 and 8 to get 23.
\frac{92}{120}-\frac{15}{120}
Least common multiple of 30 and 8 is 120. Convert \frac{23}{30} and \frac{1}{8} to fractions with denominator 120.
\frac{92-15}{120}
Since \frac{92}{120} and \frac{15}{120} have the same denominator, subtract them by subtracting their numerators.
\frac{77}{120}
Subtract 15 from 92 to get 77.