To find how far below the bridge Kate will eventually be hanging, you can use the principle of conservation of energy. At the instant that Kate steps off the bridge, she has gravitational potential energy mgh, where m is her mass, g is the acceleration due to gravity, and h is the height of the bridge. When she comes to rest, all of her gravitational potential energy has been converted to elastic potential energy stored in the bungee cord, which can be expressed as (1/2)kx^2, where k is the spring constant of the bungee cord and x is the amount that the cord has stretched beyond its unstretched length L.
Setting these two expressions equal to each other and solving for x, you get:
mgh = (1/2)kx^2
x = sqrt(2mgh/k)
Once Kate has stretched the bungee cord by this amount, the force of the cord pulling upward on her will balance the force of gravity pulling downward on her, and she will come to rest. At this point, she will be hanging a distance y below the bridge, where y = L + x.
So, the final answer is:
y = L + sqrt(2mgh/k)