To find a vector equation for the line given by y=4x+3, first recognize that this equation is already in Cartesian form. The next step is to parameterize it, which involves identifying points on the line; for example, when x=0, y=3 gives the point (0, 3, 0), and when x=1, y=7 gives (1, 7, 0). The vector equation can then be constructed using these points and the direction vector derived from them. It's important to note that a single equation like y=4x+3 describes a plane in three dimensions, so specifying that the line lies in the xy-plane (with z=0) is crucial. Ultimately, the parameter lambda can be used to express x and y in terms of each other for the vector equation.