To solve this problem we will apply the concept related to the magnetic dipole moment that is defined as the product between the current and the object area. In our case we have the radius so we will get the area, which would be
Once the area is obtained, it is possible to calculate the magnetic dipole moment considering the previously given definition:
Therefore the magnetic dipole moment is
When something moves on a round track, the guidance of the something's velocity must continually switch. A switching velocity means that there must be an acceleration. This acceleration is horizontal to the guidance of the velocity. This is said as “the radial acceleration”, or “centripetal acceleration” ("centripetal" means "center searching"). The “radial acceleration” is equal to “the square of the velocity”, divided by “the radius of the circular path of the object”. The unit of the “centripetal acceleration” is m/s².
where,
"v" = "velocity" (m/s) and "r" = "radius of motion of the object" (m)