A satellite is moving around the with speed v in a circular orbit of radius r. If the orbit radius is decreased by 1%, its speed will
Orbital velocity v=√Gmr ∴ v ∝ 1√r [If r decreases then v increases]
Percentage change in v=12 (Percentage change in r) =12(1%)=0.5%
∴ orbital velocity increases by 0.5%.