We want to identify the growth factor b in the given exponential function. To do so, let's first recall the general form of an exponential growth function.
y= a * b^x, where a>0 and b>1
Here, a is the initial amount and the base b is the growth factor. Let's now consider the given function.
y= 34 * 4^x
We see that b= 4. Therefore, the growth factor is 4.
