Step 1: Calculate elastic potential energy stored in the stretched rubber band.
\( L = 0.02\,\text{m} \), \( \Delta L = 0.02\,\text{m} \), \( A = 5\times10^{-6}\,\text{m}^2 \), \( Y = 5\times10^8\,\text{N m}^{-2} \). \[ U = \frac{YA(\Delta L)^2}{2L} = \frac{5\times10^8\times5\times10^{-6}\times(0.02)^2}{2\times0.02} = 25\,\text{J} \]
Step 2: Equate to kinetic energy of the stone.
\( \frac{1}{2}mv^2 = 25 \Rightarrow v = \sqrt{\frac{50}{0.02}} = 50\,\text{m s}^{-1} \). \[ \boxed{50\,\text{m s}^{-1}} \]