Step 1: Understanding the Concept
Use \(2\tan^{-1}x=\tan^{-1}\dfrac{2x}{1-x^2}\) for \(|x|<1\), and \(\tan^{-1}a+\tan^{-1}b=\tan^{-1}\dfrac{a+b}{1-ab}\) for \(ab<1\).
Step 2: Key Formula or Approach
\[ 2\tan^{-1}\frac12=\tan^{-1}\frac{1}{1-\frac14}=\tan^{-1}\frac43 \]
Step 3: Detailed Explanation
\[ 3\tan^{-1}\frac12=\tan^{-1}\frac43+\tan^{-1}\frac12=\tan^{-1}\frac{\frac43+\frac12}{1-\frac23} \]
\[ =\tan^{-1}\frac{11/6}{1/3}=\tan^{-1}\frac{11}{2} \]
The product \(\tfrac43\cdot\tfrac12=\tfrac23<1\), so the formula applies directly.
Final Answer:
The value is \(\tan^{-1}\frac{11}{2}\), option (D).
\[ \boxed{\tan^{-1}\dfrac{11}{2}\ \text{(D)}} \]