#y=(2x+3)^3-(4x-2)^2#
First simplify #(2x+3)^3#
#color(white)(aaaaaaaaaaaaa)##2x+3#
#color(white)(aaaaaaaaaaa)## underline( xx 2x+3)#
#color(white)(aaaaaaaaaaaaa)##4x^2+6x#
#color(white)(aaaaaaaaaaaaaaaaaaa)##6x+9#
#color(white)(aaaaaaaaaaaaa)##overline(4x^2+12x+9)#
#color(white)(aaaaaaaaaaa)## xx 2x+3#
#color(white)(aaaaaaaaaaaaa)##overline(8x^3+24x^2+18x)#
#color(white)(aaaaaaaaaaaaaaaaaa)##12x^2+36x+27#
#color(white)(aaaaaaaaaaaaa)##overline(color(purple)(8x^3+36x^2+54x+27)#
Then simplify #color(green)((4x-2)^2#
#color(green)(=(4x-2)(4x-2))#
#:.color(green)((4x-2)^2=16x^2-16x+4#
#color(purple)((2x+3)^3=8x^3+36x^2+54x+27#
#:.y=8x^3+36x^2+54x+27-(16x^2-16x+4)#
#:.color(orange)(y=8x^3+36x^2+54x+27-16x^2+16x-4)#
#:.color(blue)(y=8x^3+20x^2+70x+23#