Let $a = \frac{1}{3}$, $b = \frac{1}{4}$ and $c = \frac{1}{5}$.
Let the fourth proportional to a, b and c be x, then a : b :: c : x,
$$\begin{aligned}\Rightarrow \frac{a}{b} = \frac{c}{x} \\[1em] \Rightarrow x = \frac{b \times c}{a} \\[1em] \Rightarrow x = \frac{\frac{1}{4} \times \frac{1}{5}}{\frac{1}{3}} \\[1em] \Rightarrow x = \frac{1}{20} \times 3 \\[1em] \Rightarrow x = \frac{3}{20}\end{aligned}$$
So, $\frac{3}{20}$ is the fourth proportional to $\frac{1}{3}, \frac{1}{4}$ and $\frac{1}{5}$. Assertion (A) is true.
We know that,
Four quantities a, b, c and d are said to be in proportion if the ratio of the first two is equal to the ratio of the last two, i.e. if
$$\begin{aligned}a : b :: c : d \\[1em] \Rightarrow \frac{a}{b} = \frac{c}{d}\end{aligned}$$
Here a and d are the extremes and b and c are the means, so a × d = b × c.
The fourth term d of such a proportion is called the fourth proportional to a, b and c. Reason (R) is true.
Hence, option 3 is the correct option.