A coil of 100 turns, carrying a current of \( 5 \, \text{A} \), is placed in a magnetic field of \( 2 \, \text{T} \). The area of each turn is \( 0.01 \, \text{m}^2 \). What is the magnetic moment of the coil?
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Remember: The magnetic moment of a coil depends on the number of turns, the current flowing through the coil, and the area of each turn. A higher number of turns or current increases the magnetic moment.