Step 1 :The position of a particle after $t$ seconds is given by $f(t)=2^{t}$ meters. We are asked to find the average velocities over the intervals $[1, 1+h]$ for various values of $h$.
Step 2 :The average velocity of a particle over an interval $[a, b]$ is given by the formula $\frac{f(b) - f(a)}{b - a}$. We can use this formula with the given function $f(t) = 2^t$ to calculate the average velocities.
Step 3 :For $h$ values of 0.1, 0.01, 0.001, and 0.0001, the calculated average velocities are approximately 1.435, 1.391, 1.387, and 1.386 respectively.
Step 4 :As $h$ gets smaller, the average velocity seems to be approaching a certain value. This value is the instantaneous velocity at $t=1$.
Step 5 :The instantaneous velocity of the particle at $t=1$ second is approximately \(\boxed{1.386}\) meters per second.