Do you know about vectors yet?
When you solve differential equations, you get x(t) and y(t), that is, formulas (or tables) for x and y at time t. The first derivatives dx/dt and dy/dt give you the x and y components of the velocity at time t. The second derivatives [itex]d^2 x / dt^2[/itex] and [itex]d^2 y / dt^2[/itex] give you the x and y components of the acceleration.
In practice, people usually solve differential equations like this using computer software. You give it the initial values of x and y at t = 0, and it calculates a table of x and y at later times. It calculates each point based on the results for the preceding point, going one step at a time. There are various methods (algorithms) for doing the calculation, with different combinations of simplicity, speed and accuracy: Euler's method, Runge-Kutta methods, etc. You typically learn the details in a numerical-methods course.