Step 10: Perform the multiplication: 6 * 9 = 54, then 54 * 16 = 864.
Step 11: The coefficient of x^2 in the expansion of (3x - 4)^4 is 864.
Binomial Expansion – The question tests the understanding of the binomial theorem, specifically how to find coefficients in the expansion of a binomial expression.
Combinatorics – It involves calculating combinations, specifically C(4,2), which represents the number of ways to choose 2 terms from 4.
Exponentiation – The question requires knowledge of how to handle powers of numbers, particularly when applying them in the binomial expansion.