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According to the law of conservation of energy, energy can neither be created nor destroyed but is transformed from one form to another.
1) The statement that is true about the magnets involved is that; "kinetic energy and velocity are at zero when the magnets are held apart, and both increase rapidly when they are released and move together. Energy stored in the magnetic field decreases."
2) In the second question, the statement that is correct about the energies of the system is that the energy stored in the system is converted to kinetic energy.
3) When a magnet is moved close to a rubber band, the energy stored in the magnetic field does not change.
4) In the fourth question, some of the energy stored is converted into kinetic, thermal, and gravitational energy.
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