To interpret the answer \( 0.12 \) from the equation \( 0.3 \times 0.4 \):
- The \( 0.3 \) represents the proportion of books in the library that are how-to books.
- The \( 0.4 \) represents the proportion of how-to books that deal with electronics.
Therefore, \( 0.3 \times 0.4 = 0.12 \) represents the portion of all books in the library that are how-to books on electronics.
Thus, the correct interpretation is: A: the portion of the books in the library that are how-to books on electronics.