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2y=\frac{-4\left(-1\right)}{8}+1
Express -4\left(-\frac{1}{8}\right) as a single fraction.
2y=\frac{4}{8}+1
Multiply -4 and -1 to get 4.
2y=\frac{1}{2}+1
Reduce the fraction \frac{4}{8} to lowest terms by extracting and canceling out 4.
2y=\frac{1}{2}+\frac{2}{2}
Convert 1 to fraction \frac{2}{2}.
2y=\frac{1+2}{2}
Since \frac{1}{2} and \frac{2}{2} have the same denominator, add them by adding their numerators.
2y=\frac{3}{2}
Add 1 and 2 to get 3.
y=\frac{\frac{3}{2}}{2}
Divide both sides by 2.
y=\frac{3}{2\times 2}
Express \frac{\frac{3}{2}}{2} as a single fraction.
y=\frac{3}{4}
Multiply 2 and 2 to get 4.