The corrosion rate can be calculated using the formula:
\[
{Corrosion Rate} = \frac{I \times {Equivalent Weight}}{n \times F \times \rho}
\]
where:
- \( I \) is the current density, \( 2 \times 10^{-4} \, {A cm}^{-2} \),
- \( {Equivalent Weight} = \frac{{Atomic Weight}}{2} = \frac{55.85}{2} = 27.925 \, {g/mol} \),
- \( n = 2 \) (the number of electrons involved in the reaction for iron),
- \( F = 96500 \, {C/mol} \) is Faraday's constant,
- \( \rho = 7.86 \, {g/cm}^3 = 7860 \, {kg/m}^3 \).
Substitute the values into the formula:
\[
{Corrosion Rate} = \frac{2 \times 10^{-4} \times 27.925}{2 \times 96500 \times 7.86} = \frac{5.585 \times 10^{-3}}{1514.97} \approx 3.7 \times 10^{-6} \, {m/s}.
\]
Now, convert this to mm per year by multiplying by the number of seconds in a year:
\[
{Corrosion Rate} = 3.7 \times 10^{-6} \times 365 \times 24 \times 3600 \times 1000 = 2.1 \, {mm/year}.
\]
Thus, the corrosion rate of iron is approximately \( 2.1 \, {mm/year} \).