Let us denote the rate at which the first clock gains time per hour as x and the rate at which the second clock gains time per hour as y.
Hence, x = 2 minutes per hour and y = x/2 = 1 minute per hour.

From 10 a.m. on Friday to 2 p.m. on Monday, the duration is 4 days, i.e. 96 hours.

Therefore, the total time gained by the first clock in 96 hours = x × 96 = 192 minutes.

Similarly, the total time gained by the second clock in 96 hours = y × 96 = 96 minutes.

Therefore, the total time difference between the two clocks after 96 hours = 192 – 96 = 96 minutes.

Now, at 10 a.m. on Friday, the two clocks read the same time.

Therefore, at 2 p.m. on Monday, the time shown by the second clock will be 2 p.m. plus 96 minutes, i.e. 3.16 p.m.

Hence, the correct answer is Option C - 3.16 p.m.

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