Kinetic energy of rotation of a body having moment of inertia I and angular velocity ω is given by K=21Iω2
For a circular ring of radius r,
and mass m moment of inertia (I)
about its diameter is given by I=2Mr2 ∴K=21(2Mr2)2ω2
Also, v=rω,
therefore ω=rv ∴K=21(2mr2)(rv)2 =41mv2