Step 1: Applying Ampère's law.
The magnetic field induction at the center of a loop carrying a current is given by Ampère’s law. For a circular loop, the magnetic field is \( \frac{\mu_0 I}{4 \pi r} \), where \( r \) is the radius of the loop.
Step 2: Conclusion.
The correct magnetic field induction at the center is \( \frac{\mu_0 I}{4 \pi r} \), which corresponds to option (2).