Changes in energy are always accompanied by a particular chemical change or physical change.
The change in which the molecular composition is completely altered and a new product is formed is called a chemical change, which is irreversible and permanent.
During the physical change, the arrangement of molecules is altered leading to a change in state. No new products are formed, and the molecular composition remains totally the same. The changes are reversible and temporary.
Slow change:
The changes that take place over a long period of time are known as Slow changes.
Slow changes can take hours/days/months/years to occur.
Examples of slow changes include rusting of iron as well as the Growing of trees.
Fast change:
The changes that occur within a slow period of time are known as Fast changes.
Fast changes can occur within seconds/minutes.
Examples of fast change include the burning of paper as well as stretching a rubber band.