The answer has been given by allamraju, but, in case you are interested in knowing how that formula is obtained, here goes:
The satellite as such moves around the earth in an elliptical orbit, which is assumed to be almost circular for simplicity. Now, any object moving in a circle requires that a force acts on it towards the center which keeps it moving in that circle. (For example, when you whirl a stone tied to a string, it moves in a circle because the string keeps the stone from breaking off and moving away. If the string ruptures, the stone would move away, wouldn't it?)
This central force is called the centripetal force, and its magnitude is given by
, where R is the radius of the orbit, and v is the velocity of the object, Here, for the satellite, the force acting towards the center of the orbit is nothing but the gravitational force of attraction on the satellite due to the earth, and we know that its magnitude is given by
.
Hence, for the satellite to move in a circular path, we must have

Which boils down to the result
.
If you've understood this, even if you forget the formula, you'll be able to derive it in seconds.