The Algorithm
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Determine if the system is in UCM
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If it is orient axis so one direction points radially inward.
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Determine if the other direction should be tangential to the circle or one of the traditional X or Y directions.
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Follow the procedure for Newton's 2nd Law
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Equate the radial acceleration with v2/r
Other Resources
A pretty good video showing how to solve UCM problems with insights into why certain assumptions/conclusions are made. Beware, there are no vector symbols and the units are "sloppy."