Concept:
Risk = The probability of a flood to occur at least once in n successive years
Risk = 1 – qn = 1 – (1 - p)n
where,
p is the probability of occurrence of an event and it is given by
p = 1/T
where,
T is the return period
q is the probability of not occurrence of an event
Calculation:
Given,
T = 100 years, n = 20 years
\({\rm{P}} = \frac{1}{{\rm{T}}} = \frac{1}{{100}} = 0.01\)
Risk = 1 – (1 - 0.1)20 = 1 – (0.99)20 = 0.1820
Risk (%) = 18.20%
∴ The risk involved in the design of the culvert is 18.20%.