A uniform magnetic field B exists in a direction perpendicular to the plane of a square loop made of a metal wire. The wire has a diameter of 4 mm and a total length of 30 cm. The magnetic field changes with time at a steady rate dB/dt = 0.032 Ts–1. The induced current in the loop is close to (Resistivity of the metal wire is 1.23 × 10–8 Ωm)
(1) 0.34 A
(2) 0.61 A
(3) 0.53 A
(4) 0.43 A