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Basically, potential energy is stored energy that is waiting to be converted into kinetic energy by have a force applied to the object. When an object has potential energy, it is not moving. So, two examples are: A rock sitting atop a hill or a cheetah about to spring at it's prey. 1. A rock is displaying potential energy because it is not moving. 2. The cheetah is storing energy, meaning that is waiting for the right moment to attack. Stored energy as in meaning that it is not using the energy that it has.
Potential energy comes in two forms, spring potential energy, and gravitational potential energy. Spring potential energy comes from any elastic material that has the tendency to return to its original form, such as a bow string. An arrow drawn back on a bow would have potential energy because the bow string "wants" to return to its original state. Gravitational potential energy comes from being above the ground, such as a held Basketball. Because it has the tendency to fall towards Earth, raising it up increases its potential energy.

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