Step 1: Understanding the Concept:
According to Faraday's Law of Induction, the induced e.m.f. ($e$) is equal to the rate of change of magnetic flux linked with the coil. For $n$ turns, $e = -n \frac{d\phi}{dt}$.
Step 2: Formula Application:
The total resistance of the circuit is $R_{total} = R + R/2 = \frac{3R}{2}$.
The magnitude of the average induced e.m.f. is $e = \frac{n(\phi_1 - \phi_2)}{t}$.
Step 3: Explanation:
Induced current $I = \frac{e}{R_{total}} = \frac{n(\phi_1 - \phi_2)/t}{3R/2}$.
Rearranging the terms, we get $I = \frac{2n(\phi_1 - \phi_2)}{3Rt}$.
Step 4: Final Answer:
The induced current is $\frac{2n(\phi_1 - \phi_2)}{3Rt}$.