Hi chilledz3non,
Well the exact instantaneous velocity is given by h'(t) = 2t so when t=2 velocity=2*2=4 units per time.
Now perhaps you are meant to do it from first principles so lets think about that.
Average velocity between t=some value, I'll call it t1 and t=2 would be $$\frac{f(t_1)-f(2)}{t_1-2}$$
The instantaneous velocity would be given by this as t1 tends to 2
That is
$$\\\lim_{t_1\rightarrow2}\;\frac{f(t_1)-f(2)}{t_1-2}\\\\
f(t_1)=(t_1)^2-1\\
f(2)=2^2-1=3\\\\
$Instantaneous velocity at t=2 is $\lim_{t_1\rightarrow2}\;\frac{f(t_1)-f(2)}{t_1-2}\\\\
=\lim_{t_1\rightarrow2}\;\frac{(t_1)^2-1-3}{t_1-2}\\\\
=\lim_{t_1\rightarrow2}\;\frac{(t_1)^2-4}{t_1-2}\\\\
=\lim_{t_1\rightarrow2}\;\frac{((t_1)-2)((t_1)+2)}{t_1-2}\\\\
=\lim_{t_1\rightarrow2}\;\frac{(t_1-2)(t_1+2)}{t_1-2}\\\\
=\lim_{t_1\rightarrow2}\;(t_1+2)\\\\
=4$$
Maybe Alan or Heureka could tell me why my limits are not displaying properly. 