Answer:
In an ideal pulley system is assumed as a perfect system, and the efficiency of the pulley system is taken as 100% such that there are no losses of the energy input to the system through the system's component
However, in a real pulley system, there are several means through which energy is lost from the system through friction, which is converted into heat, sound, as well as other forms of energy
Given that the mechanical advantage = Force output/(Force input), and that the input force is known, the energy loss comes from the output force which is then reduced, and therefore, the Actual Mechanical Advantage (AMA) is less than the Ideal Mechanical Advantage of an "ideal" pulley system
The relationship between the actual and ideal mechanical advantage is given by the efficiency of the pulley system as follows;

Explanation:
Two or more velocities add by vector addition
To answer this question, we should know the formula for the terminal velocity. The formula is written below:
v = √(2mg/ρAC)
where
m is the mass
g is 9.81 m/s²
ρ is density
A is area
C is the drag coefficient
Let's determine the mass, m, to be density*volume.
Volume = s³ = (1 cm*1 m/100 cm)³ = 10⁻⁶ m³
m = (1.6×10³ kg/m³)(10⁻⁶ m³) = 1.6×10⁻³ kg
A = (1 cm * 1 m/100 cm)² = 10⁻⁴ m²
v = √(2*1.6×10⁻³ kg*9.81 m/s²/1.6×10³ kg/m³*10⁻⁴ m²*0.8)
<em>v = 0.495 m/s</em>