Two concentric circular loops of radii $r _{1}=30\,cm$ and $r_{2}=50\,cm$ are placed in $X - Y$ plane as shown in the figure. $A$ current $I=7\,A$ is flowing through them in the direction as shown in figure. The net magnetic moment of this system of two circular loops is approximately.
  • A$\frac{7}{2} \hat{ k } Am ^{2}$
  • B$-\frac{7}{2} \hat{ k } Am ^{2}$
  • C$7 \hat{ k } Am ^{2}$
  • D$-7 \hat{ k } Am ^{2}$
JEE MAIN 2022, Medium
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