I am having trouble in applying the orbital speed, $v=\sqrt{\frac{GM}{r}}$ in the following problem stated below.Usually we have one satellite orbitting one planet.But in this case there are two satellites orbitting in different orbits,thus i am confused how to crack it.The question is:
Two satellites named $\alpha$ and $\beta$ both of mass m are orbiting around a large mass $M$ in circular orbits having radius $R_1$ and $2R_1$ respectively. Initially,the satellites are connected by a massless string. After some time,the string is cut. Find the ratio of velocities of the satellite $\alpha$ before to after cutting the string, i.e. how much will the velocity of $\alpha$ increase/decrease after cutting the string?
Anyone with some intuitive hints?