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y=0.05\left(x^{3}-120x^{2}+4800x-64000\right)+30
Use binomial theorem \left(a-b\right)^{3}=a^{3}-3a^{2}b+3ab^{2}-b^{3} to expand \left(x-40\right)^{3}.
y=0.05x^{3}-6x^{2}+240x-3200+30
Use the distributive property to multiply 0.05 by x^{3}-120x^{2}+4800x-64000.
y=0.05x^{3}-6x^{2}+240x-3170
Add -3200 and 30 to get -3170.