Since I think you are new with Python, lets do the long way, iterate thru your list using for loop and multiply and append each element to a new list.
using for loop
lst = [5, 20 ,15]
product = []
for i in lst:
product.append(i*5)
print product
using list comprehension, this is also same as using for-loop but more 'pythonic'
lst = [5, 20 ,15]
prod = [i * 5 for i in lst]
print prod