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\frac{1}{4}-3\times 0.5^{3}
Calculate -2 to the power of -2 and get \frac{1}{4}.
\frac{1}{4}-3\times 0.125
Calculate 0.5 to the power of 3 and get 0.125.
\frac{1}{4}-0.375
Multiply 3 and 0.125 to get 0.375.
-\frac{1}{8}
Subtract 0.375 from \frac{1}{4} to get -\frac{1}{8}.