Two Polaroids P1 and P2 are placed with their axis perpendicular to each other. Unpolarised light I0 is incident on P1. A third polaroid P3 is kept in between P1 and P2 such that its axis makes an angle 45° with that of P1 . The intensity of transmitted light through P2 is :-
(1) I0/4 (2) I0/8 (3) I0/16 (4) I0/2