Given:
\[
\ell = 2 \, \text{m}, \quad Y = 2 \times 10^{11} \, \text{N/m}^2
\]
The elastic potential energy density, denoted by \( \mu \), is calculated using the formula:
\[
\mu = \frac{\Delta \varepsilon}{\ell} = \frac{Y \Delta r}{r}
\]
Here, \( \Delta r \) represents the elongation.
For transverse strain \( u \), the relevant formula is:
\[
u = \frac{1}{2} \times \text{Poisson's ratio} \times \left(\frac{\Delta \varepsilon}{\ell}\right)
\]
Substituting the provided values to determine the energy density:
\[
\mu = \frac{5 \times 10^{-3}}{2} \times 2 \times 10^{11} \times \left[ 5 \times 10^{-3} \right]^2 = 25
\]
Therefore, the elastic potential energy density is \( 25 \times 10^6 \, \text{N/m}^2 \).