The frequency of oscillation of a bar magnet in an oscillation magnetometer in the earth's magnetic field is 40 oscillations per minute. A short bar magnet is placed to the north of the magnetometer, at a separation of 20 cm from the oscillating magnet, with its north pole pointing towards north as shown in figure. The frequency of oscillation is found to be increases to 60 oscillations per minute. Calculate the magnetic moment of this short bar magnet.
[Horizontal component of the earth's magnetic field is 24 μT]