Power = F $\bullet$ v = Fv
$F=v \big(\frac{dm}{dt}\big)=v \Bigg \{ \frac{d(\rho \times \, volume)}{dt}\Bigg \}$
$ \, =\rho v \Bigg \{\frac{d(volume)}{dt}\Bigg \}=\rho v(Av)=\rho Av^2$
$\therefore \, \, \, \, Power \, P=\rho Av^3 \, \, \, \, \, or \, \, \, P = v^3$