If the 0 and 2 are powers it would be 16^0=1, 2^2=4
Now we have 1+4*y-1.
Im not sure if you want parenthesis to make it 1+4(y-1) or not.
Solving for the first one it would simplify to 4y.
With the parenthesis it would be 4y-3.
Thats it simplified, if it is equal to something you would solve for y.