As far as I understand, interpreting a function means finding its vertex, determining its shape and the direction, in which the function's hands are pointing. For example, if I am asked to interpret the following function: $y\ =\ 4\left(x-3\right)^{2}+2$, then I would say that this is a parabola, its hands are pointing upward and its vertex is located at the point (4,2).
However, here I have a task, in which I am asked to "find and interpret" a point of a function:
I don't quite understand what I am asked to do here.

Typically in situations like this, "find and interpret a value" or "find and interpret a point" means to perform any calculations necessarily, and then tell how the result refers back to the story. (This is more a conceit of educational pedagogy than mathematics terminology.)
In this case, interpreting $f(60)$ might look something like: "At $t=60$, $f(t)=50$, suggesting that after 60 minutes, we will have traveled 50 miles." Your results may vary depending on whether there is any additional story nearby in the text.