Step 1: Identify the highest derivative.
The highest derivative in the given equation is the second derivative \( \frac{d^2y}{dx^2} \), which appears on the right-hand side of the equation.
Step 2: Remove fractional powers to find the degree.
To find the degree, we first need to remove any fractional powers from the equation. Start by eliminating the powers of \( \frac{3}{4} \) and \( \frac{1}{3} \).
Step 3: Raise both sides to appropriate powers to eliminate fractions.
We can raise both sides to the power of 4 to remove the fractional exponent on the left-hand side:
\[
\left( 1 + \left( \frac{dy}{dx} \right)^2 \right)^3 = \left( \frac{d^2y}{dx^2} \right)^4
\]
Step 4: Expand and simplify.
Now, the equation is simpler, and the highest power of the derivatives on the left-hand side is \( 3 \), and on the right-hand side, we have \( 4 \). Therefore, the degree of the equation is 4.
Step 5: Degree of the equation.
The degree of a differential equation is the highest power of the highest order derivative after removing fractional exponents. In this case, the highest power of the second derivative \( \frac{d^2y}{dx^2} \) is 4, so the degree is 4.
Step 6: Conclusion.
Thus, the degree of the given differential equation is \( 4 \), and the correct answer is option (A).