Step 1: Start with the given identity:
\[
3 \sin^{-1} x = \sin^{-1} (3x - 4x^3)
\]
Step 2: Recall the identity for \( \sin 3\theta \):
\[
\sin 3\theta = 3 \sin \theta - 4 \sin^3 \theta
\]
Set \( \theta = \sin^{-1} x \), so \( \sin \theta = x \), and the identity becomes:
\[
\sin 3\theta = 3x - 4x^3
\]
Step 3: Since \( 3 \sin^{-1} x = \sin^{-1} (3x - 4x^3) \), we see that both sides are equal, proving the identity.
Thus, the equation holds.