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Here is the picture:

http://www.webassign.net/hrw/hrw7_30-52.gif

(a) What is the magnitude and direction of the emf induced in the rod? (Take up to be positive.)

I got: 1.463 which was correct.

(b)What is the magnitude and direction of the current in the conducting loop? (Take counterclockwise to be positive.) Assume that the resistance of the rod is 0.40 OHMS and that the resistance of the rails and metal strip is negligibly small.

I used

EMF - IR = 0;

I = EMF/R;

I = 1.463/.40 = 3.6575 which was wrong, any ideas were i messed up? Thanks.