What are the two different energies a free falling body will have?

A freely falling body has both kinetic and potential energy.

Energy stored in an object due to its position is Potential Energy.
The energy that a moving object has due to its motion is Kinetic Energy.
Kinetic energy formula: KE = ¹/₂mv²
Potential energy formula: P.E=mgh
Potential energy is the stored energy in any object or system by virtue of its position or arrangement of parts.
If an object is not moving, it has Zero KE.

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