Concept:
Use identities:
\[
\cot^{-1}x = \tan^{-1}\left(\frac{1}{x}\right), \quad
2\tan^{-1}x = \tan^{-1}\left(\frac{2x}{1-x^2}\right)
\]
Step 1: Convert $\cot^{-1}$ to $\tan^{-1}$
\[
\cot^{-1}\left(\frac{3}{4}\right) = \tan^{-1}\left(\frac{4}{3}\right)
\]
Step 2: Simplify $2\tan^{-1}\left(\frac{1}{3}\right)$
\[
2\tan^{-1}\left(\frac{1}{3}\right)
= \tan^{-1}\left(\frac{2\cdot \frac{1}{3}}{1 - \frac{1}{9}}\right)
= \tan^{-1}\left(\frac{2/3}{8/9}\right)
= \tan^{-1}\left(\frac{3}{4}\right)
\]
Step 3: Add the angles
\[
\tan^{-1}\left(\frac{3}{4}\right) + \tan^{-1}\left(\frac{4}{3}\right)
\]
Using identity:
\[
\tan^{-1}a + \tan^{-1}b = \frac{\pi}{2} \quad \text{if } ab=1,\; a,b>0
\]
Here:
\[
\frac{3}{4} \cdot \frac{4}{3} = 1
\]
\[
\Rightarrow \frac{\pi}{2}
\]
Final Conclusion:
Option (E)