Concept:
According to Faraday's Law of Induction, the induced electromotive force \( e \) is equal to the rate of change of magnetic flux linkage through the circuit:
\[
e = -\frac{\Delta \Phi}{\Delta t} = -\frac{N A B (\cos\theta_2 - \cos\theta_1)}{\Delta t}
\]
The induced current is then found using Ohm's Law: \( I = \frac{e}{R} \).
Step 1: Calculating the cross-sectional area \( A \) of the loop.
Given radius \( r = 8~\text{cm} = 0.08~\text{m} = 8\times10^{-2}~\text{m} \):
\[
A = \pi r^2 = \pi \times (8\times10^{-2})^2 = 64\pi\times10^{-4}~\text{m}^2 \approx 2.01\times10^{-2}~\text{m}^2
\]
Step 2: Finding the net change in magnetic flux linkage.
The coil flips by \( 180^\circ \), so \( \theta_1 = 0^\circ \implies \cos(0^\circ) = 1 \), and \( \theta_2 = 180^\circ \implies \cos(180^\circ) = -1 \):
\[
\Delta \Phi = NBA(-1 - 1) = -2NBA
\]
Plugging in the parameters \( N = 400 \) and \( B = 3\times10^{-5}~\text{T} \):
\[
|e| = \frac{2NBA}{\Delta t} = \frac{2 \times 400 \times (3\times10^{-5}) \times (2.01\times10^{-2})}{0.30}
\]
\[
|e| = \frac{24\times10^{-3} \times 2.01\times10^{-2}}{0.30} = \frac{0.04824\times10^{-3}}{0.30} = 1.608\times10^{-3}~\text{V}
\]
Step 3: Calculating the induced current \( I \).
Given internal resistance \( R = 2\,\Omega \):
\[
I = \frac{|e|}{R} = \frac{1.608\times10^{-3}}{2} = 0.804\times10^{-3}~\text{A} \approx 8\times10^{-4}~\text{A}
\]
This matches option (B) perfectly.