Answer:

1. Speed is the rate at which an object's position changes, measured in meters per second. The equation for speed is simple: distance divided by time. You take the distance traveled (for example 3 meters), and divide it by the time (three seconds) to get the speed (one meter per second).
2. The velocity of an object is the rate of change of its position with respect to a frame of reference, and is a function of time. Velocity is equivalent to a specification of an object's speed and direction of motion (e.g. 60 km/h to the north)