Correct answer: S²/2Y
The elastic energy stored per unit volume in a material under stress can be derived from the relationship between stress and strain, where the energy density is given by the formula U = (1/2) * stress * strain. Since strain can be expressed as stress divided by Young's modulus (strain = S/Y), substituting this into the energy density formula leads to U = (1/2) * S * (S/Y) = S²/(2Y).