To solve for the satellite's speed, apply the formula below which is based on Netwon's Law.
`v= sqrt((GM)/R) `
v - velocity of satellite moving about a central body in circular motion,
G - gravitational constant, `6.673 xx 10^(-11)` `(N*m^2)/(kg^2)`
M - mass of the central body, and
R - distance from the center of M to the satellite
Since, the satellite is 249 km `(0.249xx10^6m)` above the earth's surface and the radius of the earth is `6.38xx10^6 m` , the value of R is
`R= (0.249xx10^6)+(6.38xx10^6)= 6.629xx10^6`
Then, substitute `G=6.673 xx 10^(-11) (N*m^2)/(kg^2)` , `M=5.97xx10^24 kg` and `R=6.629xx10^6m` to the formula.
`v=sqrt (((6.673 xx 10^(-11))*(5.97xx10^24))/(6.629xx10^6))`
Hence, the velocity of the satellite is 7752.18 m/s.