Answer:
The induced emf in the loop is 0.452 volts.
Step-by-step explanation:
Given that,
Radius of the circular loop, r = 12 cm = 0.012 m
Magnetic field, B = 0.8 T
When released, the radius of the loop starts to shrink at an instantaneous rate of,

The induced emf in the loop is equal to the rate of change of magnetic flux. It is given by :

So, the induced emf in the loop is 0.452 volts.