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The formula for calculating Potential energy is P.E. = m * g * h, where 'm' is the mass of an object, 'g' is the acceleration of gravity, 'h' is the height of the object. 1  Stored mechanical energy: The energy which is possessed by an object due to its stored energy of position. 2  E.g., rubber bands, springs.
Mechanical energy can be divided into two different types of energies. Kinetic energy is the form of energy that causes movements. Potential energy is the form of energy that occurs due to the placement of the object.