Concept:
A function may be continuous at a point but it is not always necessary that it must be differentiable at that point. Differentiability is a stronger condition than continuity.
Step 1: Write the given function.
\[
f(x)=x|x|
\]
Now, we remove the modulus sign by considering two cases.
For \(x\geq 0\),
\[
|x|=x
\]
so,
\[
f(x)=x\cdot x=x^2
\]
For \(x<0\),
\[
|x|=-x
\]
so,
\[
f(x)=x(-x)=-x^2
\]
Therefore,
\[
f(x)=
\begin{cases}
x^2, & x\geq 0\\
-x^2, & x<0
\end{cases}
\]
Step 2: Check continuity at \(x=0\).
\[
\lim_{x\to 0^-}f(x)=\lim_{x\to 0^-}(-x^2)=0
\]
\[
\lim_{x\to 0^+}f(x)=\lim_{x\to 0^+}x^2=0
\]
Also,
\[
f(0)=0
\]
Thus,
\[
\lim_{x\to 0^-}f(x)=\lim_{x\to 0^+}f(x)=f(0)
\]
So, \(f(x)\) is continuous at \(x=0\).
Step 3: Check differentiability at \(x=0\).
For \(x<0\),
\[
f'(x)=\frac{d}{dx}(-x^2)=-2x
\]
For \(x>0\),
\[
f'(x)=\frac{d}{dx}(x^2)=2x
\]
At \(x=0\),
\[
\lim_{x\to 0^-}f'(x)=0
\]
and
\[
\lim_{x\to 0^+}f'(x)=0
\]
Hence, derivative exists at \(x=0\).
Therefore, Assertion (A) is correct.
Step 4: Check Reason (R).
Reason says that every continuous function is differentiable. This is false. Every differentiable function is continuous, but every continuous function need not be differentiable.
For example,
\[
f(x)=|x|
\]
is continuous at \(x=0\), but not differentiable at \(x=0\).
Thus, Assertion is correct but Reason is not correct.
\[
\therefore \text{Correct Answer is (C)}
\]