Answer:
a) The elevator was 31.64 m high up when the bolt came loose.
b) Speed of the bolt when it hits the bottom of the shaft = 25.41 m/s
Step-by-step explanation:
a) Considering motion of bolt:- 
Initial velocity, u = 5 m/s 
Acceleration , a = -9.81 m/s² 
Time = 3.1 s
We have equation of motion s= ut + 0.5 at² 
Substituting 
 s= 5 x 3.1 - 0.5 x 9.81 x 3.1² 
 s = 0 x t + 0.5 x 9.81 x t² 
 s = -31.64 m
 The elevator was 31.64 m high up when the bolt came loose.
b) We have equation of motion v = u + at
 Initial velocity, u = 5 m/s 
 Acceleration , a = -9.81 m/s² 
 Time = 3.1 s 
Substituting 
 v = u + at
 v = 5 - 9.81 x 3.1 = -25.41 m/s
 Speed of the bolt when it hits the bottom of the shaft = 25.41 m/s