Let
T be the tension in the ring.
From figure, net radial component of the tension T′=2Tsin(dθ)
As dθ is very small, thus sin(dθ)≈dθ
⟹ T′=2Tdθ
Mass of the ring m=ρ×(πr2)(2πR)
Mass of the small element of the ring dm=m2π(2dθ)=mdθπ
∴ dm=2π2r2Rρdθπ=2πr2Rρdθ
Also T′=(dm)Rw2 where w=2πf
∴ 2T(dθ)=2πr2Rρ(dθ)×R(2πf)2 ⟹T=4π3R2r2ρf2
Elongation in the length of the ring δ=2π(R+ΔR)−2πR=2πΔR
∴ Strain in the ring ϵ=δ2πR=ΔRR
From Hooke's law Y=TAϵ where A=πr2
∴ Y=4π3R2r2f2ρπr2×ΔR/R ⟹ΔR=4π2R3f2ρY