Velocity components:
\[
v_x = \frac{dx}{dt} = \frac{d}{dt}(2t^2 - t) = 4t - 1
\]
\[
v_y = \frac{dy}{dt} = \frac{d}{dt}(4t^2 - 4t) = 8t - 4
\]
At \(t=1\):
\[
v_x = 4(1) - 1 = 3\, m/s, v_y = 8(1) - 4 = 4\, m/s
\]
Magnitude of velocity:
\[
v = \sqrt{v_x^2 + v_y^2} = \sqrt{3^2 + 4^2} = \sqrt{9 + 16} = 5\, m/s
\]