Mass of the stone, m = 0.25 kg
Radius of the circle, r = 1.5 m
Number of revolution per second,
n=40/60=2/3 rps
Angular velocity, ω =v/r= 2πn ………………….(i)
The centripetal force for the stone is provided by the tension T, in the string, i.e.,

Maximum tension in the string, Tmax = 200 N

Therefore, the maximum speed of the stone is 34.64 m/s.