We are given:
- Initial velocity \( u = 0 \, \text{m/s} \) (since the stone is gently dropped)
- Acceleration \( a = 10 \, \text{m/s}^2 \)
- Height \( h = 20 \, \text{m} \)
Using the second equation of motion:
\[
v^2 = u^2 + 2 a h
\]
Substituting the known values:
\[
v^2 = 0 + 2 \times 10 \times 20 = 400
\]
\[
v = \sqrt{400} = 20 \, \text{m/s}
\]
Now, using the first equation of motion to find the time:
\[
v = u + at
\]
\[
20 = 0 + 10 \times t
\]
\[
t = \frac{20}{10} = 2 \, \text{s}
\]
Thus, the velocity is \( 20 \, \text{m/s} \) and the time taken is 2 seconds.