Step 1: Understanding the Question.
"Risk" here means the probability that a flood larger than the design flood occurs at least once during the useful life of the structure. We are given the design return period and the expected life, and asked to find this risk.
Step 2: Key formula for hydrologic risk.
If a flood has a return period \(T\) years, the probability that it is exceeded in any single year is \(p = 1/T\). Over \(n\) independent years, the probability that the flood is exceeded at least once, the risk, is:
\[ R = 1-(1-p)^n = 1-\left(1-\frac{1}{T}\right)^n \]
Step 3: Substitute the given values.
Here \(T = 100\) years and the design life \(n = 50\) years. The flood magnitude of \(10000\ \text{m}^3/\text{s}\) is not needed here, since risk depends only on \(T\) and \(n\).
\[ R = 1-\left(1-\frac{1}{100}\right)^{50} = 1-(0.99)^{50} \]
Step 4: Evaluate \((0.99)^{50}\).
Using logarithms: \(\ln(0.99) = -0.01005\), so
\[ \ln(0.99^{50}) = 50\times(-0.01005) = -0.5025 \]
\[ 0.99^{50} = e^{-0.5025} \approx 0.6050 \]
Step 5: Compute the risk.
\[ R = 1-0.6050 = 0.3950 \]
Rounded off to two decimal places, \(R \approx 0.39\).
Final Answer:
\[ \boxed{R \approx 0.39} \]