Step 1: Use the formula for wave speed on a stretched string.
Wave speed on a stretched string is given by
\[
v=\sqrt{\frac{T}{\mu}}
\]
where
\[
T=\text{tension in the string}
\]
and
\[
\mu=\text{mass per unit length}
\]
Step 2: Calculate linear mass density.
Given:
\[
m=490\text{ g}=0.49\text{ kg}
\]
\[
L=1\text{ m}
\]
Therefore,
\[
\mu=\frac{m}{L}
\]
\[
\mu=\frac{0.49}{1}
\]
\[
\mu=0.49\text{ kg m}^{-1}
\]
Step 3: Substitute into the wave speed formula.
Given tension:
\[
T=25\text{ N}
\]
Thus,
\[
v=\sqrt{\frac{25}{0.49}}
\]
\[
v=\sqrt{51.02}
\]
\[
v\approx 7.14\text{ ms}^{-1}
\]
Step 4: Final conclusion.
Therefore, the speed of the wave is
\[
\boxed{7.14\text{ ms}^{-1}}
\]