To determine the resistance and tolerance from the color code, we use the following color values:$\\$• Yellow: 4 (first digit)$\\$• Violet: 7 (second digit)$\\$• Brown: Multiplier of $10^1 \\$• Gold: Tolerance of $5\% \\$The resistance value is calculated as follows:$\\$Resistance $= (47) \times 10^1 \\ = 470 \, \Omega \\$The tolerance is $5\%. \\$Therefore, the resistance and tolerance are $470 \, \Omega$ and $5\%$, respectively.$\\$This corresponds to Option 3.