Given:
Mass of the wooden block, m = 5 kg
Density of the block, ρ = 800 kg/m3
Spring constant, k = 50 N/m
Density of water, ρw = 1000 kg/m3
(a) Using the free body diagram, we get:
mg = kx + Vρwg (Here, Vρwg > mg. So, there will be some elongation.]
(b) As the system is inside the water, the unbalance force will be the driving force, which is kx for SHM.
Hence, there will be no change in the buoyant force.