Three gain rows show normal multiplication and the rail-limited output. Exact arithmetic here means exact results for the stated model inputs; measured inputs still carry uncertainty and significant-figure limits.
highlighted = computed this step
Two volts doubles to four volts
With gain 2, input 2 volts gives output 4 volts.
2⋅2V=4V
Four volts doubles to eight volts
The same gain maps 4 volts to 8 volts without touching the rail.
2⋅4V=8V
Eight volts would make sixteen, then clips
The raw product is 16 volts, but the rail is 12 volts, so the output is 12 volts.