Given:
- Number of turns, \( N = 120 \)
- Inductance, \( L = 40 \, \text{mH} = 40 \times 10^{-3} \, \text{H} \)
- Current, \( I = 30 \, \text{mA} = 30 \times 10^{-3} \, \text{A} \)
We need to find the magnetic flux \( \Phi \) linked with the coil.
Step 1: Relation between inductance and flux linkage:
The inductance \( L \) of a coil is related to the magnetic flux linkage \( \lambda \) and current \( I \) by:
\[
L = \frac{\lambda}{I}
\]
where the flux linkage \( \lambda = N \Phi \), and \( \Phi \) is the magnetic flux through one turn.
Step 2: Rearranging for flux \( \Phi \):
\[
L = \frac{N \Phi}{I} \Rightarrow \Phi = \frac{L I}{N}
\]
Step 3: Substitute the given values:
\[
\Phi = \frac{40 \times 10^{-3} \times 30 \times 10^{-3}}{120} = \frac{1.2 \times 10^{-3}}{120} = 10 \times 10^{-6} \, \text{Wb}
\]
Therefore, the magnetic flux linked with the coil is:
\[
\boxed{10 \times 10^{-6} \, \text{Wb}}
\]