The intensity of unpolarized light entering the first polaroid sheet is \( I_0 \). The first sheet polarizes the light, and the intensity of light passing through it will be half of the incident intensity:
\[ I_1 = \frac{I_0}{2} \]
The second sheet has its pass axis at 30° to the first sheet. The intensity passing through the second sheet is given by Malus' Law:
\[ I_2 = I_1 \cos^2(30^\circ) = \frac{I_0}{2} \cos^2(30^\circ) \]
The third sheet is at a 90° angle to the second sheet. Using Malus' Law again:
\[ I_3 = I_2 \cos^2(60^\circ) = \left( \frac{I_0}{2} \cos^2(30^\circ) \right) \cos^2(60^\circ) \]
Calculating the values:
\( \cos(30^\circ) = \frac{\sqrt{3}}{2} \) and \( \cos(60^\circ) = \frac{1}{2} \).
\[ I_3 = \left( \frac{I_0}{2} \times \left( \frac{\sqrt{3}}{2} \right)^2 \right) \times \left( \frac{1}{2} \right)^2 \]
\[ I_3 = \frac{I_0}{2} \times \frac{3}{4} \times \frac{1}{4} = \frac{3 I_0}{32} \]
Therefore, the intensity of the emergent light through sheet 3 is \( \frac{3I_0}{32} \).
Answer: (B) \( \frac{3I_0}{32} \)