Answer:
The in the calculation the step 3 is the first incorrect step.
Explanation:
The function 
 shows the growth due to interest that Jim earns on an investment. 
To get an equivalent function we are given the following steps: 
[Step 1] 
 
[Step 2] 
 
[Step 3] 
 
[Step 4] 
 
The in the calculation the step 3 is the first incorrect step. 
And this will be 
 (Answer)