Consider the diagram below:
The object wants to move in a straight line from A to C and that distance is given by vt.
The object is also falling, in that time, a distance of 1/2 at2 (a =2d/t2)
The motion from C to D, always directed towards the center, is the one we need to describe. Lets call the distance from C to D, x. With reference to the diagram above, the three relevant distances are:
R2 + (vt)2 = R2 +2Rx + x2
(vt)2 = x(2R+x)
(v2/R) = 2x/t2 = a