Mark's height last year was 46 inches.
Mark definitely grows over the past year. Let the height he grew be x.
Then, Mark's new height will be
Let us represent Mark's height with M and Peter's height with P.
This means that
and, from the question, Peter's height is
The question says that Mark's height is 3 inches less than Peter's height. This we can write as
Therefore, if we put Mark's and Peter's ages into equation c, we can find a value for x as follows:
Since 46 + x = M, then Mark's height is 48 inches