[tex]y = ab^{x} [/tex]
[tex]y = 3 \times {4}^{x} [/tex]
"a" is the initial amount (3), and "b" is the growth factor (4).
To find "b" plug in the knowns into the exponential function equation and solve.
[tex]y = ab^{x} [/tex]
[tex]48 = 3 \times {b}^{2} [/tex]
[tex]16 = {b}^{2} [/tex]
[tex] \sqrt{16} = b[/tex]
[tex]b = 4[/tex]
