In physics, the product of an object's mass and its velocity is known as momentum. Momentum is a vector quantity, meaning it has both magnitude and direction. The formula to calculate momentum is: Substituting the given values into the formula: Therefore, the momentum of the object with a mass of 700 kg moving at a velocity of 10 m/s is 7000 kg m/s. This value represents the quantity of motion the object possesses in a specific direction. Momentum is conserved in a closed system, meaning the total momentum before an event is equal to the total momentum after the event, as long as no external forces are acting on the system.