The elastic potential energy stored in a stretched material is given by:
\[
U = \frac{1}{2} \frac{F^2 L}{A Y},
\]
where \(F\) is the force, \(L\) is the length of the rod, \(A\) is the area of cross-section, and \(Y\) is the Young’s modulus. First, calculate the force using the elongation formula:
\[
\Delta L = \frac{F L}{A Y},
\]
where \(\Delta L = 1 \, \text{mm}\). After solving for the energy, we get:
\[
U = 6 \times 10^{-2} \, \text{J}.
\]