Given, $$x + \frac{1}{x} = 4$$
$$=$$> $$\left(x+\frac{1}{x}\right)^2=4^2$$
$$=$$> $$x^2+\frac{1}{x^2}+2.x.\frac{\ 1}{x}=16$$
$$=$$> $$x^2+\frac{1}{x^2}+2=16$$
$$=$$> $$x^2+\frac{1}{x^2}=14$$
$$=$$> $$\left(x^2+\frac{1}{x^2}\right)^2=14^2$$
$$=$$> $$x^4+\frac{1}{x^4}+2.x^2.\frac{\ 1}{x^2}=196$$
$$=$$> $$x^4+\frac{1}{x^4}+2=196$$
$$=$$> $$x^4+\frac{1}{x^4}=196-2$$
$$=$$> $$x^4+\left(\frac{1}{x}\right)^4=194$$
Hence, the correct answer is Option C
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