Strain energy stored \( U = \frac{1}{2} \times \text{Stress} \times \text{Strain} \times \text{Volume} \) Stress \( = \frac{P}{A} \), Strain \( = \frac{P}{A E} \times L \) Hence, \[ U = \frac{1}{2} \times \frac{P}{A} \times \frac{P L}{A E} \times A L = \frac{P^2 L}{2 A E} \]