Python follows PEMDAS rule. PEMDAS stands for Parentheses, Exponents, Multiplication and Division, and Addition and Subtraction.
Example:
>>> a, b, c, d = 2, 3, 5, 7
>>> a ** (b + c) # parentheses
256
>>> a * b ** c # exponent: same as `a * (b ** c)`
7776
>>> a + b * c / d # multiplication / division: same as `a + (b * c / d)`
4.142857142857142
Extras: mathematical rules hold, but not always:
>>> 300 / 300 * 200
200.0
>>> 300 * 200 / 300
200.0
>>> 1e300 / 1e300 * 1e200
1e+200
>>> 1e300 * 1e200 / 1e300
inf