Faraday's Law: This law states that the induced electromotive force (emf) in any closed circuit is equal to the rate of change of the magnetic flux through the circuit.
Lenz's Law: Lenz's law states that the direction of the induced current in a conductor is such that it opposes the change that produced it.
Induced EMF: The induced EMF in a conductor is given by the equation: emf = -N(dΦ/dt), where N is the number of turns in the conductor and dΦ/dt is the rate of change of magnetic flux.