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The magnetic field which is created by a magnet is always directly proportional to the magnetic moment . Read on to know more about the magnetic moment , its definition, types, formula , unit, magnetic intensity steps to calculate it, solved examples along with some FAQs. Write formula to calculate magnetic moment .The spin-only formula to calculate magnetic moment is: 𝜇 = √ n (n + 2) BM The magnetic moment is a basic physical property that indicates the amount and direction of a magnet or magnetic material. It applies to a variety of real-life applications, such as the working of electric motors and MRI machines, and some behaviours of Earth's magnetic field- the last helping compasses. Thus, an understanding of magnetic moments helps invent new technologies and efficient transformers for magnetic storage devices. The magnetic strength and orientation of an object or a magnet that creates a magnetic field are defined by the magnetic moment . We know that loops of electric current, permanent magnets, and astronomical objects have a magnetic moment .