\(P=12\left(5^2+1\right)\left(5^4+1\right)\left(5^8+1\right)\left(5^{16}+1\right)\)
\(=\dfrac{1}{2}\left(5^2-1\right)\left(5^2+1\right)\left(5^4+1\right)\left(5^8+1\right)\left(5^{16}+1\right)\)
\(=\dfrac{1}{2}\left(5^4-1\right)\left(5^4+1\right)\left(5^8+1\right)\left(5^{16}+1\right)\)
\(=\dfrac{1}{2}\left(5^{32}-1\right)=\dfrac{5^{32}-1}{2}\)


