Options: (a)$4$, (b)$4f(0)$, (c)$4-f(0)$, (d)$4+f(0)$, (e)$16+f(0)$.
CORRECT ANSWER USING REDUCTION
Deep thanks to @martini and @A.S. , soo much respect .
Since we don't exactly know the nature of $f(x)$ we will start of by considering our function as $f(x)=g(x)+cx^2$ where $g(x)$ represents all the other functions (including constant values) inside $f(x)$ and $cx^{2}$ includes the no. of $x^{2}$ terms.
Now we have $cx^{2}-2\frac{cx^{2}}{4}+\frac{cx^{2}}{16}=x^{2}$
Comparing coefficients of $x^{2}$ in first equation we have $c=\frac{16}{9}$.
And
$g(x)-2g(\frac{x}{2})+g(\frac{x}{4})=0$
Now to solve this recurring equation we substitute $x=\frac{x}{2},\frac{x}{4},\frac{x}{8}......$ and add it up .
Yielding $g(\frac{x}{2^i})=ig(\frac{x}{2})-(i-1)g(x)$
Now as $i\to\infty$. Since $g$ is continuous we will have
$g(x)=g(x/2)$.
Now solving the recurring equation $g(x)-g(x/2)=0$ by substituting $x=\frac{x}{2},\frac{x}{4},\frac{x}{8}......$ and adding it up .
Now as $i\to\infty$. Since $g$ is continuous we will have
$g(x)=g(0)$
Hence $f(3)=g(3)+(16/9)3^2$.
Now as $g(3)=g(0)= f(0)-(16/9)0^2$.
We finally have $f(3)=f(0)+16.$
Look for a simple solution first to "homogenize" the equation. $f(x)=cx^2$ works for $c=16/9$. That means that $g(x)=f(x)-cx^2$ satisfies $g(x)-2g(x/2)+g(x/4)=0$. Rewriting $g(x/4)=2g(x/2)-g(x)$ and iterating yields $$g(x/2^i)=ig(x/2)-(i-1)g(x)$$ Take $i\to\infty$. Since $g$ is continuous at $0$, we must have $g(x)=g(x/2)=g(0)$. Hence $f(x)=f(0)+(16/9)x^2$. Hence $$f(3)=f(0)+16.$$