Step 1 :The polynomial of degree 3 with a root of multiplicity 2 at x=3 and a root of multiplicity 1 at x=-1 can be written in the form of \(P(x) = a*(x-3)^2*(x+1)\).
Step 2 :The y-intercept is the value of the function at x=0, so we can substitute x=0 into the function and set it equal to -2.7 to solve for a.
Step 3 :After solving, we find that \(a = -0.3\).
Step 4 :Substituting the value of a back into the polynomial, we get \(P(x) = -0.3*(x - 3)^2*(x + 1)\).
Step 5 :\(\boxed{P(x) = -0.3*(x - 3)^2*(x + 1)}\) is the final answer.