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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.
The total kinetic energy of a body or system is equal to the sum of the kinetic energies resulting from each type of motion. The kinetic energy of an object depends on its mass and velocity. Whereas, potential energy is the energy stored by an object by virtue of its position.