Answer:
The exponential function
has an initial value of 2. The correct option is 1.
Explanation:
The general form of an exponential function is

Where, a is initial value and b is growth or decay factor.
In option 1, the given function is

Here, the initial value is 2 and growth factor is 3. Therefore the correct option is 1.
In option 2, the given function is

Here, the initial value is 3 and growth factor is 2. Therefore option 2 is incorrect.