Correct choice is (c) \(\frac{1}{16} (\Delta x)^3 \phi_C^{iv}\)
The best I can explain: The order of accuracy is 3. Therefore, (Δ x)^3 should be there in the first term of the truncation error. The truncation error is obtained using the Taylor series. Therefore, this (Δ x)^3 comes along with ΦC^iv.