First, we need to find the speed of the ball using the equation of motion:

with g = 9.8 and h=2

= 6.32 m/s
Now we need to calculate the force which the water used to try to stop the ball using the Buoyancy force d*v*g
d*v*g = ma
a =

Let the density of the ball be d'
m=d'V
a=

a=

a=

* g
Relative density d/d' = 0.8
a =

a=

a = 12.25

/s
deceleration a'=a-g = 2.45

/s
The final speed of the ball is v'=0
-v'^2 = v^2 + 2a's
40 = 0+2*2.5s
s=8m
The depth to which the ball will sink is 8m
Hope this Helps! :D