Two concentric circular loops of radii $r_{1} = 30 \, cm$ and $r_{2} = 50 \, cm$ are placed in the $X-Y$ plane as shown in the figure. $A$ current $I = 7 \, A$ flows through them in the directions shown. The net magnetic moment of this system of two circular loops is approximately:

  • A
    $\frac{7}{2} \hat{k} \, A \cdot m^{2}$
  • B
    $-\frac{7}{2} \hat{k} \, A \cdot m^{2}$
  • C
    $7 \hat{k} \, A \cdot m^{2}$
  • D
    $-7 \hat{k} \, A \cdot m^{2}$

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