This question deals with the concept of Gravitational Potential Energy.
The gravitational potential energy of an object is the energy possessed by the object due to its position in the gravitational field.
The value of gravitational potential energy of an object is given by the following formula:
P.E = mgh
where,
P.E = Gravitational Potential Energy
m = mass of the object
g = acceleration due to gravity
h = height of the object in the gravitational field
According to this formula, the object (satellite) has gravitational potential energy due to the following:
It has mass (m).
It has a height above Earth's surface (h).
It is attracted by gravity toward Earth (g).
Learn more about gravitational potential energy here:
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