So first second is 9.8 meters drop. About 10 yards
It does not follow. AVERAGE rate is 4.9 m/sec, since it starts at 0 and increases to 9.8 m/sec at the end of 1 sec.
Hence drop is 4.9 meters, or 1/2 a t2 as justified by this heuristic.
Yes, I fixed that mistake