The figure shows a square loop L of side 5 cm which is connected to a network of resistances. The whole setup is moving towards right with a constant speed of 1 cm s–1 . At some instant, a part of L is in a uniform magnetic field of 1 T, perpendicular to the plane of the loop. If the resistance of L is 1.7 Ω, the current in the loop at that instant will be close to :
(1) 115 μA (2) 150 μA (3) 170 μA (4) 60 μA
