Given: The side of the square loop is
The area of the loop is given as,
Where, the side of the square loop is
Since,
By substituting the given values in the above formula, we get
The change in flux is given as,
Where, the area of the square loop is
By substituting the given values in the above formula, we get
The rate of change of the flux due to time variation is given as,
Where, the rate of decrease of magnetic field is
By substituting the given values in the above expression, we get
The induced emf in the loop is given as,
By substituting the given values in the above expression, we get
The induced current in the loop is given as,
Where, the resistance of the loop is
By substituting the given values in the above formula, we get
Since, the flux is decreasing, then according to Lenz’s law the induced current should oppose the cause of the change. The induced current is induced in positive z direction.
Thus, the magnitude of the induced current is