The answer you are looking for is 6.966. You multiply the numbers as normal, the place the decimal based off of how many numbers are behind the 2 decimal points given. 1.29 has 2 numbers behind the decimal, and 5.4 has 1. 1 + 2 = 3, so from the right of the last number on the right side, you move the decimal 3 places.
Here's an image to show you how I solved the problem.
I hope this helps!!