Give the sub-optimal structure and the recurrence formula for Longest Common Subsequence code example

Example: longest common subsequence

int maxSubsequenceSubstring(char x[], char y[], 
                            int n, int m) 
{ 
    int dp[MAX][MAX]; 
  
    // Initialize the dp[][] to 0. 
    for (int i = 0; i <= m; i++) 
        for (int j = 0; j <= n; j++) 
            dp[i][j] = 0; 
  
    // Calculating value for each element. 
    for (int i = 1; i <= m; i++) { 
        for (int j = 1; j <= n; j++) { 
  
            // If alphabet of string X and Y are 
            // equal make dp[i][j] = 1 + dp[i-1][j-1] 
            if (x[j - 1] == y[i - 1]) 
                dp[i][j] = 1 + dp[i - 1][j - 1]; 
  
            // Else copy the previous value in the 
            // row i.e dp[i-1][j-1] 
            else
                dp[i][j] = dp[i][j - 1]; 
        } 
    } 
  
    // Finding the maximum length. 
    int ans = 0; 
    for (int i = 1; i <= m; i++) 
        ans = max(ans, dp[i][n]); 
  
    return ans; 
}