Knowing how far an object has moved is not enough — we usually want to know how fast it is moving. Speed tells us how quickly distance is covered. It is defined as the distance travelled per unit time: $\text{speed} = \dfrac{\text{distance}}{\text{time}}$. Speed is a scalar quantity (it has only magnitude). Its SI unit is the metre per second ($\text{m/s}$ or $\text{m s}^{-1}$); on Indian roads we usually use $\text{km/h}$, where $1\,\text{km/h} = \dfrac{5}{18}\,\text{m/s}$.
Because most motion is non-uniform, the speed keeps changing. So we use average speed, defined as the total distance divided by the total time taken: $v_{avg} = \dfrac{\text{total distance}}{\text{total time}}$. A bus from Jaipur to Delhi may stop at toll plazas and speed up on the highway, but its average speed over the trip is a single useful number.
Velocity is the speed of an object in a given direction — it is the displacement per unit time: $\text{velocity} = \dfrac{\text{displacement}}{\text{time}}$. Velocity is a vector quantity, so it has both magnitude and direction, and its SI unit is also $\text{m/s}$. Average velocity is the total displacement divided by total time. When velocity changes uniformly, the average velocity equals the mean of the initial and final velocities: $v_{avg} = \dfrac{u + v}{2}$.
When the velocity of an object changes, we say it is accelerating. Acceleration is the rate of change of velocity per unit time: $a = \dfrac{v - u}{t}$, where $u$ is the initial velocity and $v$ the final velocity. Acceleration is a vector and its SI unit is the metre per second squared ($\text{m/s}^2$). If the speed is increasing, acceleration is positive. If the speed is decreasing — like a car braking before a speed-breaker — the acceleration is negative; this negative acceleration is called retardation (or deceleration).
- Speed $= \dfrac{\text{distance}}{\text{time}}$, scalar, unit $\text{m/s}$.
- Velocity $= \dfrac{\text{displacement}}{\text{time}}$, vector, unit $\text{m/s}$.
- Acceleration $a = \dfrac{v-u}{t}$, vector, unit $\text{m/s}^2$.
- Retardation: negative acceleration, when an object slows down.
- Conversion: $1\,\text{km/h} = \dfrac{5}{18}\,\text{m/s}$ and $1\,\text{m/s} = \dfrac{18}{5}\,\text{km/h}$.