Let
I0 be the intensity of unpolarised light , incident on first polaroid , intensity of light transmitted from first polaroid will be ,
I1=I0cos2θ ,
or I1=I0×1/2=I0/2 ........................eq1 ,
let θ be the angle between the transmission axes of the first and second polaroid (which is placed between two crossed polaroids) and ϕ be the angle between second and hird polaroid ,
then θ+ϕ=90 (as first and third polaroids are perpendicular to each other) ,
or ϕ=90−θ ,
now intensity of light , transmitted from second polaroid ,
I2=I1cos2θ=(I0/2)cos2θ ,
andintensity of light , transmitted from third polaroid ,
I3=I2cos2ϕ=(I0/2)cos2θ×cos2ϕ ,
I3=(I0/2)cos2θ×cos2(90−θ) ,
or I3=(I0/2)cos2θsin2θ ,
or I3=(I0/2)cos2θsin2θ ,
or I3=(I0/2)(sin22θ/4)
this is the required expression .
Now I3 will be maximum when sin2θ is maximum i.e. sin2θ=1=sin90 ,
or 2θ=90 ,
or θ=45o