Step 1: Define variables.
Let the speed of rowing in still water be \( x \) km/hr, and the speed of the current be \( y \) km/hr.
- Speed upstream = \( x - y \) km/hr
- Speed downstream = \( x + y \) km/hr
Step 2: Time taken for upstream and downstream.
The time taken to row upstream is given as 24 minutes, which is \( \frac{24}{60} = \frac{2}{5} \) hours. The distance is 10 km, so:
\[
\text{Time upstream} = \frac{10}{x - y} = \frac{2}{5} \text{ hours}.
\]
The time taken to row downstream is \( \frac{1}{5} \) less than the time taken upstream. Thus:
\[
\text{Time downstream} = \frac{10}{x + y} = \frac{2}{5} - \frac{1}{5} = \frac{1}{5} \text{ hours}.
\]
Step 3: Set up equations.
From the time formulas, we can set up two equations:
\[
\frac{10}{x - y} = \frac{2}{5} \quad \text{(1)}
\]
\[
\frac{10}{x + y} = \frac{1}{5} \quad \text{(2)}
\]
Step 4: Solve the system of equations.
From equation (1):
\[
x - y = \frac{10}{\frac{2}{5}} = 25
\]
From equation (2):
\[
x + y = \frac{10}{\frac{1}{5}} = 50
\]
Now, solve these two equations:
\[
x - y = 25 \quad \text{(3)}
\]
\[
x + y = 50 \quad \text{(4)}
\]
Add equations (3) and (4):
\[
(x - y) + (x + y) = 25 + 50
\]
\[
2x = 75
\]
\[
x = \frac{75}{2} = 37.5 \, \text{km/hr}.
\]
Thus, the speed of rowing in still water is \( 37.5 \, \text{km/hr} \).
Step 5: Conclusion.
The correct speed of rowing in still water is \( \boxed{37.5} \, \text{km/hr} \), which corresponds to option (1).