The figure shows the situation where the point charge -Q is initially.
The force of attraction between ring with the charge +Q and point charge -Q is given by F = QE.
Let us find the electric field due to charge +Q at a distance x from the center of the ring.
For a very small element of the ring with charge dQ, the field at point P is
dE=dQ4πϵ0(AP)2
As the particle start moving toward the center of the ring from this distance we can write for the field
dEsinθ=dQ4πϵ0(AP)2⋅AOAP=R⋅dQ4πϵ0(R2+x2)3/2
Thus the net field at the point P is E=∫dEsinθ=R⋅Q4πϵ0(R2+x2)
Thus total force of attraction is given by F=R⋅Q24πϵ0(R2+x2)3/2 ...(i)
If the particle moves with velocity v0 then due to coulomb's force of attraction the particle starts accelerating.
Thus its speed increases by amount v0+at ...(ii)
The acceleration of the particle is given by a=Fm=R⋅Q24 m πϵ0(R2+x2)3/2
When point charge reaches center of the circle x=0 and thus we get from (ii)
v=v0+Q24 mπϵ0R2