STEP-BY-STEP ANSWER:
Step 1: Identify the coordinates of point P, which are (x, y).
Step 2: Since the point is translated 3 units to the right, add 3 to the x-coordinate to get (x + 3).
Step 3: Since the point is translated 2 units up, add 2 to the y-coordinate to get (y + 2).
Step 4: The new coordinates of the point after translation are (x + 3, y + 2).
Final Answer: The translated point is (x + 3, y + 2).